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PETALING JAYA: Both Axiata Group Bhd and Telekom Malaysia Bhd (TM) have barred Alcatel-Lucent from participating in tenders, contracts or joint ventures for a year following the call from Malaysian Anti-Corruption Commission (MACC).
ALCATEL-LUCENT has been blacklisted for 12 months.
NEW YORK: A judge on Tuesday rejected a deal between Internet search leader Google and the book industry that would have put millions of volumes online, citing anti-trust concerns and the need for involvement from Congress while acknowledging the potential benefit of putting literature in front of the masses.
WASHINGTON: Oracle Corp. has agreed to pay US$46 million to settle a lawsuit over alleged kickbacks to win government work.
PETALING JAYA: The Government views the allegations of kickbacks of US$700,000 paid to Malaysians by Alcatel Lucent SA for it to win a US$85mil telecoms contract between 2004 and 2006 very seriously and Information, Communications and Culture Minister Datuk Seri Dr Rais Yatim wants the Malaysian Anti- Corruption Commission (MACC) to investigate the matter.
NEW YORK: Deutsche Bank admitted criminal wrongdoing and agreed to pay more than $550 million in connection with its participation in tax shelters that enabled the rich to temporarily avoid paying hundreds of millions of dollars in U.S. taxes, authorities announced Tuesday.
NEW YORK: For two years, the two sons of jailed financier Bernard Madoff portrayed themselves as honest whistleblowers of their father's historic fraud. A court-appointed trustee depicted them as bungling money managers who did nothing to protect investors.
NEW YORK: A 97-year-old Boston-area apparel entrepreneur agreed Tuesday to forfeit US$625 million to be distributed to cheated investors in jailed Bernard Madoff's historic Ponzi scheme, authorities revealed, as a court trustee said negotiations are under way to recover money as well from the owners of the New York Mets baseball team.