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Company entitled to damages despite affirming contract in bribery case
Justice ministry research chief quits after report on whistleblower failings
Nerisha Singh: Grant Thornton didn't understand extent of sex harassment at firm
Australia's CBA says court approves settlement of money-laundering charges
US Supreme Court to hear Apple’s arguments in App Store antitrust case
Major Crypto Exchanges Face Action Over Money-Laundering Fears
Audi chief Rupert Stadler arrested in diesel emissions probe
Theranos CEO Elizabeth Holmes charged with criminal fraud
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On June 20, Out-Law.com reported, “In a previous ruling, the High Court had found that payments made by Motortrak Ltd to a company associated with the then-managing director of FCA Australia (FCAA) were, in effect, bribes intended to coerce FCAA into hiring Motortrak to provide online marketing services. The court was then asked to clarify the date on which FCAA affirmed the agreement between itself and Motortrak, and whether FCAA was still entitled to damages after that date. Mrs Justice Moulder has now confirmed that FCAA's right to damages operates independently of whether or not it affirmed the contract. Affirmation of a contract does not necessarily lead to a break in the chain of causation and so, in the absence of evidence to the contrary, FCAA is entitled to claim damages for the actual loss it sustained as a result of Motortrak's bribery, the judge ruled.”
On June 20, DutchNews.nl reported, “The head of the justice ministry’s research unit has quit following the publication of a report criticising the way complaints about allegations of interference in research into the ministry’s own soft drugs policy were dealt with. Frans Leeuw stood down as head of the WODC after the report said both he and the justice ministry secretary general had been careless in handling complaints made by a member of staff.
Current affairs programme Nieuwsuur said last December that researchers altered unfavourable conclusions and rewrote research questions at officials’ request.”
On June 19, EWN (South Africa) reported, “A former director at Grant Thornton says she has decided to take legal action against the firm because it doesn't understand the extent of the sexual harassment within the company. Nerisha Singh was forced to resign earlier this year after she laid a sexual harassment complaint against the company's head of forensics.”
On June 19, Reuters reported, “Commonwealth Bank of Australia (CBA.AX) on Wednesday said the Federal Court had approved a settlement agreement to civil proceedings related to money laundering charges, closing a chapter that has cost the bank A$700 million ($518 million) in penalties. The proceedings were initiated by the Australian Transaction Reports and Analysis Centre in August 2017, and alleged breaches of money laundering and terror financing laws on 53,750 occasions, which Australia’s biggest bank then admitted to.”
One June 19, Firstpost (India) reported, “The US Supreme Court on 18 June agreed to take up Apple's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolising the market for iPhone software applications and causing consumers to pay more than they should. The justices said they would hear Apple’s appeal of a lower court’s ruling that revived the proposed class-action lawsuit by iPhone buyers over commissions that the Cupertino, California-based technology company receives through its App Store.”
On June 19, CoinDesk reported, “Japan's financial watchdog is reportedly planning to force improvements at a number of licensed cryptocurrency exchanges over perceived issues with internal systems, including anti-money laundering (AML) measures. According to a report from Nikkei on Tuesday, the country's Financial Service Agency (FSA) intends to ensure full compliance with current AML rules at larger exchanges as their holdings of customer funds rapidly increases. The report suggests at least five exchanges, including bitFlyer, Quoine, and Bitbank, are on the FSA's list to receive ‘business improvement orders’ this week.”
On June 18, BBC News reported, “The chief executive of German carmaker Audi, Rupert Stadler, has been arrested in connection with an investigation into the diesel emissions scandal. A spokesman for Volkswagen, which owns Audi, confirmed he was being held. Munich prosecutors said they had acted because of a risk that Mr Stadler might seek to suppress evidence. The scandal erupted three years ago, when it emerged that cars had been fitted with devices designed to cheat emissions tests.”
On June 15, the Associated Press reported, “Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company’s former second-in-command. Holmes, who was once considered a wunderkind of Silicon Valley, and her former Chief Operating Officer Ramesh Balwani, are charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each, the U.S. Attorney’s Office for the Northern District of California said late Friday. If convicted, they could face prison sentences that would keep them behind bars for the rest of their lives, and total fines of $2.75 million each.”
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