February 13, 2019/US SEC The Securities and Exchange Commission today announced that Deloitte Touche Tohmatsu LLC (Deloitte Japan) will pay $2 million to settle charges that it issued audit reports for an audit client at a time when dozens of its employees maintained bank accounts with the client’s subsidiary. According […]
Fraud & Scandals
Court Imposes Lifetime Officer-And-Director Bars On Two Corporate Officers Charged with a Fraudulent Earnings Management Scheme
February 12, 2019/US SEC A federal district court has permanently barred two former corporate officers of a North Carolina-based hygiene and sanitation company from serving as officers or directors of public companies. The Securities and Exchange Commission charged the two officers of Swisher Hygiene, Inc., Michael J. Kipp, Swisher’s former […]
Legal battle for control of Djibouti Ports comes to Hong Kong
February 12, 2019/-Factswire News Agency One of the world’s largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement with a strategically located African nation, in the city’s first court case involving China’s Belt and Road Initiative. FactWire (www.FactWire.org) has obtained […]
