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Swiss Life to pay $77.4 million to settle U.S. criminal tax evasion case Reuters | May 14, 2021 11:32 PM EDT The logo of insurer Swiss Life is seen at its headquarters in Zurich, Switzerland (Photo : REUTERS/Arnd Wiegmann) Swiss Life Holding AG agreed to pay $77.4 million and enter a deferred prosecution agreement to resolve a U.S. criminal case in which Switzerland s largest insurer was accused of helping wealthy American clients evade taxes. The three-year agreement announced on Friday resolves a charge that Swiss Life conspired to defraud the U.S. Internal Revenue Service by concealing more than $1.45 billion in offshore insurance policies. ....
Under Armour settles SEC charges for US$9 million Toggle share menu Advertisement Under Armour settles SEC charges for US$9 million In this Nov 29, 2019, file photo Under Armour clothes are displayed at a Kohl s store in Colma, California. (Photo: AP/Jeff Chiu) 04 May 2021 07:51AM Share this content Bookmark NEW YORK: Sportswear company Under Armour has settled with the Securities and Exchange Commission and agreed to pay US$9 million in fines related to misleading its revenue growth to investors from the third quarter of 2015 through the fourth quarter of 2016, the agency said on Monday (May 3). According to the SEC filing, Under Armour used a “pull forward sales tactic to pull forward US$408 million in revenue in existing orders. The SEC said that the company made positive statements regarding its revenue growth rate and the factors contributing to the revenue growth rate, without disclosing the significan ....
Iran and Saudi Arabia are both important states in the Islamic world whose cooperation can lead to peace and stability in the region, the spokesman said, according to the ISNA news agency, DPA reported.Saud ....