GM found negligent in pickup trial

Article Abstract:

A jury in a Georgia court held that GM would have to pay $105.2 million in damages for negligence in the death of a teenager in a GMC pickup truck. In another case, NBC agreed to pay damages to GM for tampering with a crash test of a GM pickup.

Television broadcasting stations, Radio broadcasting stations, Truck industry, Television broadcasting industry, Negligence, National Broadcasting Company Inc.

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Leading Saudi banker indicted

Article Abstract:

NCB COO Sheik Khalid was charged with fraud in connection with the BCCI scandal. The Federal Reserve Board ordered NCB to close its office in New York and imposed a civil fine of $170 million against Haroon Kahlon, Khalid's associate.

Banking industry, Ethical aspects, Corporate corruption, Bank of Credit and Commerce International S.A., Kahlon, Haroon, Khalid bin Mahfouz, The National Commercial Bank (Jeddah, Saudi Arabia)

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Car dealer indicted for defrauding GM

Article Abstract:

Automobile dealer John McNamara was charged with defrauding General Motors Corp of $436 million in auto loans. McNamara is accused of using dummy corporations to obtain loans from General Motors Acceptance Corp for nonexistent cars.

Personal credit institutions, Fire, marine, and casualty insurance, Automobile dealers, General Motors Acceptance Corp., McNamara, John

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