The US Department of Justice (DOJ) on Wednesday announced a $1.2 billion settlement agreement with Toyota for misleading customers and US regulators. The criminal complaint against Toyota alleges that the company intentionally concealed information from the public regarding a design defect whereby drivers attempting to break actually accelerated their vehicles. The settlement will allow Toyota [...]

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France’s highest appeals court on Wednesday sentenced former trader Jerome Kerviel to three years in prison for fraudulent covert trading while working for French bank Society Generale (SocGen) . The Court of Cassation upheld two lower court verdicts that determined that Kerviel acted without the bank’s knowledge in building up positions of around €50 billion [...]

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Bahrain’s Fourth High Criminal Court on Wednesday convicted 11 defendants of possessing weapons, ammunition and explosives and of manufacturing bombs for terror purposes, meting out 15-year prison sentences and significant fines. The Interior Ministry arrested the men after searching their farmhouse pursuant to a warrant issued by the Public Prosecution office. Authorities uncovered five illegally [...]

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Defense counsel for former Rwandan intelligence chief Pascal Simbikangwa on Wednesday filed a notice of appeal after a Paris court convicted him of genocide and crimes against humanity for his participation in the 1994 Rwandan genocide . After a six-week trial, in which Simbikangwa maintained his innocence, the court delivered a sentence of 25 years [...]

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