A subsidiary of the giant Capita group has been fined by the Financial Services Authority (FSA) after some of its staff helped to defraud customers.
The frauds took place in 2004 at Capita Financial Administrators (CFA) which administers the customer accounts of unit trust companies.
The police are investigating how up to 26 customers lost £328,000 and attempts were made to steal a further £1
The executive who first raised concerns about financial malpractice at Enron said an internal investigation into accounting procedures was “bogus”.
Testifying at the trial of Ken Lay and Jeffrey Skilling, Sherron Watkins said she first raised doubts about Enron’s accounting methods in August 2001.
“Accounting just doesn’t get that creative,” she said, referring to structures used by Enron to hide debts
The former head of China Aviation Oil (CAO) has pleaded guilty to six charges related to its near collapse in 2004.
Chen Jiulin pleaded guilty in Singapore’s subordinate court to charges including making false statements and insider trading.
Four directors at the company have already been sentenced for their part in the scandal
Defence lawyers acting for former Enron boss Kenneth Lay have accused a chief witness against him of helping to bring about the US energy giant’s collapse.
Former finance chief Andrew Fastow lied to his bosses at Enron while stealing millions of dollars from the bankrupt firm, Mr Lay’s defence attorney said.
Mr Fastow was facing cross-examination after giving evidence against Mr Lay and fellow Enron boss Jeffery Skilling
The Tokyo Stock Exchange is to delist internet firm Livedoor’s shares over allegations it broke securities law.
The Tokyo exchange said the action would result in the firm being removed from the market by mid-April.
The move came after Japan’s securities commission filed a criminal complaint against five former Livedoor executives for allegedly falsifying of accounts
Japanese internet firm Livedoor’s former boss and other executives could be charged with falsifying financial results this week, reports have said.
Prosecutors claim the group doctored accounts to show a 5.3bn yen ($44
Two former executives of Severn Trent Water are at the centre of a Serious Fraud Office investigation.
The company was ordered last week to hand back £42m to customers after a two-year investigation by regulator Ofwat, prompted by revelations in Financial Mail about the falsification of figures.
Ofwat sets bills based on accounts and reports provided by suppliers and it had given Severn Trent permission to raise prices at a higher rate than was justified based on the false figures
Internet giant Google Inc. has announced it has agreed to settle the “click fraud” suit brought against the company by smaller firms who claimed to have paid for bogus sales referrals. The bogus referrals are generated through “click fraud”
Enron’s former boss lied about the state of the firm’s finances months before its collapse, the company’s ex-finance chief has testified.
Andrew Fastow said Ken Lay claimed that Enron’s finances were robust in a interview in August 2001 despite him being aware of mounting problems.
“It was what Mr Lay was saying
Enron’s former chief financial officer has testified to setting up partnerships designed to help the firm hide losses of millions of dollars.
Andrew Fastow took the witness stand at the trial of ex-Enron bosses Jeffrey Skilling and Ken Lay.
The two deny multiple charges of conspiracy, fraud and insider trading linked to the collapse of the US energy firm in December 2001