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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Former Bangladesh prime minister Khaleda Zia and other members of the opposition Bangladesh Nationalist Party (BNP) were indicted Wednesday on two corruption charges. Zia and three the other BNP officials have been accused of embezzling funds from a charitable trust named after Zia’s deceased husband, former president Ziaur Rahman . In a second corruption allegation, [...]

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