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Australia's Westpac found guilty of misconduct in 2016 rate swap deal

The Australian Securities and Investments Commission (ASIC) said Westpac, one of the country's biggest banks, will pay a maximum penalty of A$1.8 million, along with A$8 million for the regulator's litigation costs. Westpac allegedly engaged in pre-hedging ahead of the transaction with a consortium comprising AustralianSuper, the country's largest pension fund, and IFM. ....

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Supreme Court Asks Lok Sabha Secretariat for Response in Mahua Moitra's Expulsion Case

On 3rd January, the Supreme Court instructed the Lok Sabha Secretary General to respond to Trinamool Congress Party (TMC) leader Mahua Moitra's plea challenging her expulsion from the Lok Sabha in a cash-for-query case. Justices Sanjiv Khanna and Dipankar Datta scheduled the hearing for the week starting March 11, with a two-week deadline for the Secretariat's response and a three-week timeline for Moitra to reply. ....

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Mahua Moitra: Delhi HC asks Mahua Moitra to approach Directorate of Estates over cancellation of govt accommodation

The Delhi High Court directed expelled TMC Lok Sabha MP Mahua Moitra to approach the Directorate of Estates for permission to retain the government quarters allotted to her, which were canceled after her expulsion. Justice Subramoniun Prasad noted that the rules allow authorities to permit a resident to overstay for up to six months under exceptional circumstances. ....

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