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Politics 3 years ago
Businessman fined over $370 million for Asabri investment manipulation
Benny was spared a jail sentence because he is already serving a life sentence over a separate case in 2020 linked to hundreds of millions of dollars of investment losses at another insurer Asuransi Jiwasraya, Ignatius Eko Purwanto, who led a panel of judges, said.
Companies 3 years ago
South Korea fines Tesla for exaggerating driving range of EVs
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since August 2019 until recently.
Americas 3 years ago
US charges Boeing with misleading investors on 737 MAX safety, fined $200 million
Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader "put profits over people."
Science & Tech 3 years ago
Brazil fines Apple $2.4 million, prohibits sale of iPhone without charger
In an official notice, Brazilian authorities ordered "the immediate suspension of the distribution of iPhone brand smartphones, regardless of model or generation, that are not accompanied by a battery charger."
