Legal & Regulatory
New Mexico sues Volkswagen over violation of clean-air state laws and trade malpractices
New Mexico has become the first US state to sue the German automaker, Volkswagen, for breaching the Clean Air Act with huge levels of emissions as well as for trade malpractices. The allegation is the company sold as many as 4000-10000 faulty models whose nitrogen-oxide emissions exceeded the limits by 40%, which could cost VW almost $20 billion in fines.
Facebook India: Free Basics Internet Program Still Struggles Against India Regulators
The program aims to provide limited internet access to users, but the concept has raised concerns regarding internet neutrality. The Telecom Regulatory Authority of India has asked Facebook to discontinue the service until they provide more information on the program as requested. Facebook has responded with a campaign, but the program's ban has not yet be lifted.
Malaysian Prime Minister cleared of corruption as the fund received is a 'gift' from Saudi royal family
Najib Razak has been cleared of corruption case of over $681 million as the money is a 'gift' from Saudi royal family. According to the Attorney General Apandi Ali, the sum in prime minister’s personal bank account has no link to troubled state fund 1MDB.
United Breweries’ chairman Vijay Mallya approach Delhi Court to seek legal representation against being tagged as willful defaulter
Vijay Mallya, chairman of United Breweries Holdings Limited, approached the Delhi Court on Friday for a legal representation before a panel of State Bank of India (SBI) members, where they would argue their case against being declared as willful defaulters.