Tag Archives: manipulated

Cadbury used nonexistent factory to avoid taxes: WSJ

REUTERS – Cadbury Plc, now part of Mondelez International Inc , used a nonexistent factory in India to avoid about $46 million in taxes, the Wall Street Journal reported on Tuesday, citing a report by the Indian tax authorities. Cadbury's Indian unit manipulated invoices and other documents to get an exemption from taxes available to companies that began production in new plants in Himachal Pradesh by March 31, 2010, the Journal said. (http://link.reuters. Continue reading

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Gas Prices: Watchdogs Probe Fixing Claims

Regulators are investigating allegations that Britain’s gas market has been manipulated by big power companies. Continue reading

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U.S. power market regulator threatens to suspend JPMorgan

NEW YORK (Reuters) – U.S. federal energy regulators threatened on Thursday to suspend JPMorgan Chase & Co's right to sell electricity at market rates after accusing the bank of misleading authorities — a measure that would effectively banish it from the power market Continue reading

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Nationally Recognized Wealth Manager Ed Butowsky Sees Misleading Consumer Price Index (CPI) as a Core Catalyst for Increasing Overreliance on Government Entitlement Programs

Second Quarter “Chapwood Index” Results Continue to Support Notion That the Highly Manipulated CPI Is an Inaccurate Measure of Cost of Living Increases, Leading to Devastating Outcomes for Investors Continue reading

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FSA Says Ring Fencing Banks Won’t Stop Market Abuses

The U.K. government’s proposed legislation to force banks to segregate their retail businesses from riskier investment banking activities will not be sufficient to stop market abuses, such as the Libor scandal that last week saw Barclays PLC (BARC.LN) pay 290 million pounds ($451 million) after it emerged that some of its staff manipulated the key rate, the chairman of the Financial Services Authority said Sunday. Continue reading

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Regulators Fine Barclays £290m For Misconduct

Barclays boss Bob Diamond is waiving his bonus after settling claims the bank manipulated lending rates between other banks. Continue reading

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Copper heiress’ huge gifts spotlighted in New York court

Saying recipients manipulated a reclusive heiress into lavishing gifts upon them, a court administrator is trying to reclaim $37 million. Continue reading

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