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Philips provides update on European Commission investigation

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In connection with the anticipated conclusion of the EC investigation in the second half of 2018, Philips will recognize a provision of EUR 30 million, which will be reported in the company’s 2018 second quarter results [1]. Since the start of the EC investigation in late 2013, which Philips reported in its Annual Reports, the company has fully cooperated with the EC. Philips initiated an internal investigation and addressed the matter in 2014. [1] Approx. EUR 18 million of the provision will impact EBITA of the Personal Health segment. T... Read More »

Apple investigated by France for ‘planned obsolescence’

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Under French law it is a crime to intentionally shorten lifespan of a product with the aim of making customers replace it. In December, Apple admitted that older iPhone models were deliberately slowed down through software updates. But it insisted it was because the phones' battery performance diminished over time. The French investigation is being led by the economy ministry's consumer protection agency. It follows a legal complaint filed in December by pro-consumer group Stop Planned Obsolescence (Hop). Hop said France was the third countr... Read More »

Gucci under investigation for tax evasion by Italian authorities

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Gucci, Italy’s greatest fashion success story and a brand whose renaissance has become a model the whole industry wants to emulate, is being investigated as perhaps among the country’s biggest tax evaders. The Italian tax police searched the Gucci Hub, the 377,000-square-foot campus in Milan that is home to more than 250 employees, last week, as well as Gucci’s offices in Florence. The search was part of a criminal investigation into the brand by the prosecutor’s office in Milan. The Italian newspaper La Stampa reported that officials wer... Read More »

Investigation into actions by Public Prosecution Service in dealing with Catholic sexual abuse cases

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This could have contributed to the fact that abuse cases against clergymen were often settled more mildly. This is evidenced by the final report of the Committee for Archival Research into actions by the Public Prosecution Service in dealing with Catholic sexual abuse cases, which report was sent today by Minister Opstelten of Security and Justice to the House of Representatives. The investigation, which has been conducted by M.W. van Boven, former Chief State Archivist, and F.H. Koster, former Vice-President and Chairman of the Criminal Div... Read More »

Rosneft initiates audit of its subsidiary by Russian Ministry of Internal Affairs

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After the audit and investigation into charges of a large-scale embezzlement, the Head Office of the Russian Ministry of Internal Affairs in the North Caucasus Federal District instituted criminal proceedings on June 13, 2013 on the grounds of an offense as set forth in Article 159 Part 4 of the Criminal Code of the Russian Federation. Currently, the Russian Ministry of Internal Affairs is conducting search and investigation activities regarding the above criminal case. OJSC Rosneft is taking all necessary measures to prevent unlawful acts a... Read More »

An ancient Greek settlement of the 3rd-2nd centuries BC was uncovered at Russkaya CS site

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During digging works archaeologists also uncovered containers for keeping of dry-goods, plummets for weaving loom, scissors and a few copper coins. The homesteads were located close to the ancient town Gorgippia (modern Anapa). Gorgippia was a part of the Bosporan Kingdom and its richest town. The age of the artifacts was identified by found coins which, according to archaeologists, were stamped on the mint of Pantikapia, the town that was located at the site of modern Kerch. "We have examined, described in detail and made pictures of the ru... Read More »

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