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UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible

3 hours ago DieselGasoil Comments Off on UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible
LONDON (Reuters) – British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains. FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Read More

Ex-Nissan boss Ghosn granted $4.5 million bail, with curbs on contacting wife

6 hours ago DieselGasoil Comments Off on Ex-Nissan boss Ghosn granted $4.5 million bail, with curbs on contacting wife
TOKYO (Reuters) – Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail on Thursday and agreeing to curbs on contacting his wife. A Tokyo court set a new condition for bail that Read More

Huawei 5G row: Ministers demand leak inquiry

10 hours ago DieselGasoil Comments Off on Huawei 5G row: Ministers demand leak inquiry
Government ministers are calling for a “full and proper” investigation after high-level discussions about the UK using Huawei technology were leaked. The government has approved the supply of equipment by the Chinese telecoms firm for the UK’s new 5G data network – despite warnings of a security risk. It is believed the decision was taken Read More

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

11 hours ago DieselGasoil Comments Off on Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail
TOKYO (Reuters) – Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday. FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits Read More

U.S. Justice staff seek Goldman guilty plea in 1MDB settlement: FT

19 hours ago DieselGasoil Comments Off on U.S. Justice staff seek Goldman guilty plea in 1MDB settlement: FT
FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Carlo Allegri (Reuters) – A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1MDB corruption scandal should include a guilty plea at the parent company level, U.S. Read More

Lawyer for Platinum founder says investors knew and accepted risks

2 days ago DieselGasoil Comments Off on Lawyer for Platinum founder says investors knew and accepted risks
NEW YORK (Reuters) – Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of criminal fraud charges. FILE PHOTO: Mark Nordlicht, Platinum Partners founding partner and chief Read More

Timeline: BT bosses in spotlight in Italian accounting scandal

2 days ago DieselGasoil Comments Off on Timeline: BT bosses in spotlight in Italian accounting scandal
MILAN (Reuters) – A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. British Telecom (BT)’s headquarters is seen in central London, Britain May 10, 2018. REUTERS/Hannah McKay Here is a timeline of Read More

Exclusive: British Telecom’s Italian job had London roots, say investigators

2 days ago DieselGasoil Comments Off on Exclusive: British Telecom’s Italian job had London roots, say investigators
MILAN (Reuters) – A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. FILE PHOTO: A BT (British Telecom) company logo is pictured on the side of a convention centre in Liverpool northern Read More

Emergency powers imposed after Sri Lanka bomb attacks

3 days ago DieselGasoil Comments Off on Emergency powers imposed after Sri Lanka bomb attacks
Emergency powers have come into force in Sri Lanka following a series of bomb attacks on Easter Sunday. The powers, which came into place at midnight local time on Monday, will allow police and the military extensive powers to detain and interrogate suspects without court orders. A government minister said militant group National Thawheed Jama’ut Read More