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Tag: fined

VW fined €1.2bn over diesel emissions scandal

VW fined €1.2bn over diesel emissions scandal

Business
The emissions scandal that engulfed Volkswagen three years ago continues to dog the carmaking giant, as German authorities hit the group with a €1.2bn fine. Volkswagen has said that prosecutors in the German city of Braunschweig levied the £880m fine, saying the carmaker failed to properly oversee its engine development department's activities, resulting in about 10.7m diesel vehicles with illegal emissions-controlling software being sold worldwide.The firm said it hoped that paying the fine would have "positive effects on other official proceedings being conducted in Europe against Volkswagen" and its subsidiaries.:: VW Group set to 'recall up to 28,000' Volkswagens and Seats over seatbelt issue Image: Reacquired Volks...
Barclays boss fined £642k over whistleblower unmask attempt

Barclays boss fined £642k over whistleblower unmask attempt

Business
Barclays boss Jes Staley has been fined £642,430 by regulators over his attempt to unmask a whistleblower. An investigation by the Financial Conduct Authority (FCA) and the Bank of England's Prudential Regulation Authority (PRA) sharply criticised Mr Staley's response to the receipt of an anonymous letter by the bank in June 2016.The fine and public censure of the Barclays boss is unprecedented for a serving chief executive of a major bank.Barclays said following Friday's announcement it would cut the value of Mr Staley's 2016 bonus by £500,000 - meaning that his acknowledged mistakes over the episode have cost him more than £1.1m.The case centred on a letter, signed "John Q. Public", purportedly sent from a Barclays shareholder to the board making allegatio...
Man fined for hate crime after filming pug's 'Nazi salutes'

Man fined for hate crime after filming pug's 'Nazi salutes'

Technology
A man who filmed a pet dog giving Nazi salutes before putting the footage on YouTube has been fined £800.Mark Meechan, 30, recorded his girlfriend's pug, Buddha, responding to statements such as "Sieg Heil" by raising its paw.The clip was viewed more than three million times on YouTube.Meechan, of Coatbridge, North Lanarkshire, was sentenced at Airdrie Sheriff Court after being found guilty of committing a hate crime last month.He had denied any wrong-doing and insisted he made the video, which was posted in April 2016, to annoy his girlfriend.But Sheriff Derek O'Carroll found him guilty of a charge under the Communications Act that he posted a video on social media and YouTube which was grossly offensive because it was "anti-Semitic and racist in nature" and was aggravated by religious pr
Australia captain Smith fined and banned for his role in ball-tampering

Australia captain Smith fined and banned for his role in ball-tampering

Sports
Australia captain Steve Smith has been banned for one match and fined his entire match fee by cricket's world governing body for his part in a ball-tampering incident in South Africa.Smith said the team's "leadership group" had a plan, carried out by Cameron Bancroft, to tamper with the ball to "get an advantage".Smith, 28, will now miss the fourth and final Test of the series.Bancroft, 25, was fined 75% of his match fee and got three demerit points.Smith admitted a charge of conduct "of a serious nature that is contrary to the spirit of the game", said a statement from the International Cricket Council (ICC)."As captain, Steve Smith must take full responsibility for the actions of his players and it is appropriate that he be suspended," said ICC chief executive David Richardson.Hours lat...
Stoke City news: Erik Pieters fined £70,000 for partying the night before Everton game

Stoke City news: Erik Pieters fined £70,000 for partying the night before Everton game

Sports
Pieters in action for Stoke this seasonThursday, March 22, 2018Stoke City defender Erik Pieters has been fined £70,000 by his club after it emerged he was at a nightclub on the eve of his side's 2-1 Premier League defeat to Everton.Pieters was due to start at the back for the Potters against Sam Allardyce’s side, but was dropped after the club learned he was in a nightclub the evening before.Paul Lambert was reportedly upset the 29-year-old chose to spend the evening before a game in a Cheshire hotspot, just 24 hours before a crucial game for his side.Stoke lost the game 2-1, to leave them second bottom of the Premier League table.Pieters was fined two weeks wages, the maximium amount, after being hauled into the club’s offices for talks.Potters chairman Peter Coates said: “Erik is a very