Citigroup shuts Banamex USA, pays $140 mn in fines

Last Updated: Thursday, July 23, 2015, 08:30

Citigroup said Wednesday it will shut the US branch of its Mexican subsidiary Banamex and pay $140 million in fines for inadequate programs to combat money laundering.

Poland faces EU fines over renewable energy failures

Last Updated: Thursday, December 11, 2014, 18:58

The senior legal advisor to the European Union`s top court, advocate general Melchior Wathelet, said Poland should be fined 61,380 euros ($76,081) a day.

Rajasthan govt hikes penalty for public consumption of liquor

Last Updated: Saturday, February 1, 2014, 20:40

Rajasthan Government has decided to increase the penalty for consuming liquor at public places from existing Rs 50 to Rs 500 for first time violation.

France mulls imposing fines for paid sex

Last Updated: Saturday, November 30, 2013, 14:37

The French parliament is going to vote on a new bill for imposing hefty fines for paid sex in the coming week.

Samsung must prove they shouldn`t be fined for leaking Apple secrets: Judge

Last Updated: Sunday, November 10, 2013, 19:12

A judge has said Samsung probably violated a court-ordered agreement to keep Apple documents secret.

Mines Min to seek reduction in iron ore fines export duty

Last Updated: Wednesday, July 31, 2013, 13:56

Concerned over steep decline in iron ore exports, Mines Ministry will seek from its finance counterpart reduction of duty on fines from the current 30 percent.

Sebi imposes Rs 48.26 lakh fine on individual

Last Updated: Thursday, February 21, 2013, 21:25

Sebi has imposed a penalty of over Rs 48 lakh on an individual for alleged non-compliance with the market regulator's orders to disgorge unlawful gains made through fraudulent dealings in IPO of Atlanta Ltd.

Budget 2013: Mines Ministry seeks 50% cut in export duty on iron ore fines

Last Updated: Friday, February 15, 2013, 15:41

Ahead of the Budget, Mines Ministry has sought from the Finance Ministry reduction of export duty on low grade iron ore by 50 percent to boost production to enhance export of the mineral.

Fines imposed by Odisha govt eyewash: BJP

Last Updated: Wednesday, November 7, 2012, 15:18

The BJP described the Rs 67,900 crore fine imposed by the Odisha government on mines for excess production as an eyewash.

SEBI imposes Rs 5-lakh fine on erstwhile Satyam officer

Last Updated: Wednesday, August 1, 2012, 23:24

Jayaraman's role came to the light during market regulator SEBI's investigations into the Satyam scam, which came to light during the financial year 2008-09, SEBI said in an order dated July 27, which was made public Wednesday.

US banks, Fed settle on foreclosure fines

Last Updated: Thursday, February 9, 2012, 22:58

The Federal Reserve announced on Thursday that as part of the larger USD 25 billion foreclosure settlement agreed to by US banks and states that it was imposing penalties totaling USD 766.5 million on five US banks over their mortgage servicing practices.