Indian court sends former Finance Minister Chidambaram into custody

NEW DELHI (Reuters) – An Indian court on Thursday ordered a former finance minister to remain in custody for a four-day interrogation, in a case arising from government approval. of…

Ex-Valeant, Philidor executives are jailed for fraud

NEW YORK (Reuters) – A former executive at Valeant Pharmaceuticals International Inc. and the former head of a start-up mail-order pharmacy were sentenced to one year in prison on Tuesday…

Malaysia calls for payment relief by questioning 1MDB-IPIC settlement

KUALA LUMPUR (Reuters) – Malaysia will negotiate a settlement agreement between scandal-plagued sovereign wealth fund 1MDB and the Abu Dhabi sovereign wealth fund IPIC, which was negotiated during the reign…

Julius Baer expects the ex-banker's sentence to have no impact on US legal issues

FILE PHOTO: The logo of the Swiss private bank Julius Baer at the bank's headquarters in Zurich, Switzerland, 1 February 2017. REUTERS / Arnd Wiegmann / File Photo ZURICH (Reuters)…

UBS can seek the sale of additional products to US exporters in Switzerland

ZURICH (Reuters) – Swiss bank UBS (Reuters)UBSG.S.) may ask US regulators to extend their license to sell more complex products and sophisticated investment advice to wealthy Americans living in Switzerland…

Tesla's Elon Musk Tweet Tells That $ 20 Million Fine "Worth It"

FILE PHOTO: Tesla Motors CEO Elon Musk speaks at the National Governors Association summer meeting in Providence, Rhode Island, USA, July 15, 2017. REUTERS / Brian Snyder / File photo…

Tesla says he has not received a summons to produce Model 3

SAN FRANCISCO (Reuters) – Tesla Inc. (TSLA.O) has not received a US subpoena on production forecasts for Model 3, said the electric car maker on Friday after reporting that he…

The British OFS refused permission to prosecute Barclays for fundraising in 2008

LONDON (Reuters) – A high court judge has rejected a lawsuit by the Serious Fraud Office to prosecute Barclays (BARC.L) on capital raising in 2008, possibly the biggest remaining legal…

Britain's OFS refused permission to reinstate charges against Barclays

A Barclays Bank building is seen at Canary Wharf in London, UK, May 17, 2017. REUTERS / Stefan Wermuth LONDON (Reuters) – A judge on Friday rejected the Serious Fraud…

New York sued Exxon for misleading investors over climate change

Houston (Reuters) – New York Attorney General Sues Exxon Mobil Corp.XOM.N) on Wednesday said that the world's largest oil company has been misleading investors about the risks of climate change…