Mar 20, 2014

U.S. fines Marubeni over Indonesia bribery scheme

Trading company Marubeni Corp. has agreed to pay an $88 million fine after admitting bribing Indonesian government officials to secure a lucrative power project, the U.S. Justice Department said Wednesday. A Justice Department statement said Marubeni and employees from consortium partner Alstom had bribed ...

UBS Japan unit told to fork out over Libor

Sep 19, 2013

UBS Japan unit told to fork out over Libor

UBS Securities Japan has been ordered to pay a $100 million (¥9.8 billion) fine as part of a global resolution of allegations that it manipulated benchmark interest rates. According to court filings, the Japanese unit of UBS AG, Switzerland’s biggest bank, pleaded guilty in ...

Jul 19, 2013

Panasonic, Sanyo fined $57 million for price-fixing

Panasonic and subsidiary Sanyo have each pleaded guilty to fixing prices for auto parts and battery cells in the United States and will pay $56.5 million in fines, the U.S. Justice Department said Thursday. A third company, South Korea’s LG Chem Ltd., also pleaded ...