Singapore’s central bank has fined the owner of China Aviation Oil (CAO) for selling shares in the crisis-hit firm a month before its collapse.
Beijing’s China Aviation Oil Holding Company was ordered to pay 8m Singaporean dollars ($4.8m; £2
Two former officials from Conrad Black’s media empire have been charged with allegedly diverting $32m (£17m) through bogus newspaper deals.
David Radler, ex-president of Hollinger International and Hollinger’s in-house lawyer Mark Kipnis face seven counts of fraud.
The two were indicted together with Conrad Black’s bankrupt holding company Ravelston Corporation
US financial regulators have named more defendants in a case involving alleged insider trading of shares in sports gear maker Reebok International.
“We have named eight additional defendants today,” said the Securities and Exchange Commission (SEC).
One of the them is the nephew of a retired Croatian woman accused of insider trading in Reebok options
P Morgan Chase has agreed to pay about $1bn (£554m) to settle claims that it contributed to the collapse of former energy trader Enron four years ago.
The bank will pay $350m in cash and meet claims totalling another $660m.
Enron has previously asserted that 10 banks aided and abetted in its collapse, but the settlement is the first with a US bank
Worldcom’s former finance chief has been sentenced to five years in jail for his part in the largest accounting fraud in US corporate history.
Scott Sullivan played a key role as a “star” prosecution witness in the case against former Worldcom chief Bernie Ebbers who was jailed for 25 years.
The 43-year-old pleaded guilty to conspiracy, securities fraud and making false financial filings
The Canadian bank last night agreed to pay $2.4 billion to settle allegations that it was involved in the Enron fraud. The sum, the largest settlement in the case so far, boosts the total sum to be returned to former shareholders of the collapsed energy giant to a record $7 billion
Japanese prosecutors arrested three former executives of cosmetics firm Kanebo on Friday for alleged fraud.
The troubled firm is currently being managed by the state-backed Industrial Revitalisation Corporation of Japan.
The charges facing the three executives, including former president Takashi Hoashi, are that the firm hid debts for five years to March 2003
Former Worldcom boss Bernard Ebbers has been sentenced to 25 years in jail for his part in the scandal which brought down the firm.
Mr Ebbers was found guilty of fraud and conspiracy in March, following revelations of an $11bn (£6.2bn) accounting fraud at Worldcom in 2002
South Korean prosecutors have charged the founder of one of the country’s biggest industrial groups with fraud.
Kim Woo-Choong is accused of falsifying the books at the Daewoo Group and procuring loans under false pretences.
The group collapsed in 1999 under debts totalling more than $80bn (£45bn) and Mr Kim fled the country, only returning last month
A senior Russian government minister has told the BBC that political reasons have played a role in the prosecution of the country’s wealthiest man.
Economy Minister German Gref said the case against Mikhail Khodorkovsky had “a certain political element”.
The trial of the oil billionaire, who is charged with tax evasion and fraud, will restart on 12 July