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Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
Posted onLauren Turner and Osmond Chia Reuters The US government has seized more than $14bn (£10.5bn) in bitcoin and charged the founder of a Cambodian business empire, Prince Group, with allegedly masterminding a massive cryptocurrency scam. UK and Cambodian national Chen Zhi was charged on Tuesday in New York for allegedly engaging in a wire-fraud conspiracy…
Pharmaceuticals face 100% tariffs in US – unless they have a deal
Posted onRichard Frank, a senior fellow at the Brookings Institution and director of its Center on Health Policy, said it was hard to judge the impact of the order given questions about its scope, including how many drugs might be able to win exemptions, and how many companies would end up striking deals.
Police consider corporate manslaughter charges in Post Office scandal
Posted onPolice officers investigating the Post Office Horizon IT scandal are now considering corporate manslaughter charges. In an update, shared with victims in the past few days, the National Police Chiefs’ Council (NPCC) said the investigation is looking at offences of perjury and perverting the course of justice, along with corporate manslaughter – which affects companies,…
Abu Dhabis Adnoc in deal talks over oil refinery at centre of US sanctions
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
