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Lee Sang-Deuk, former six-term lawmaker with ruling Saenuri Party. ©REUTERS
S. Korea president's brother gets two-year jail term

A South Korean court on Thursday sentenced the elder brother of President Lee Myung-Bak to two years in jail after convicting him on corruption charges.

S. Korea president's brother gets two-year jail term
©REUTERS
HSBC to pay $249 mn fine for US mortgage abuse

British bank HSBC has agreed to pay $249 million in compensation to home-loan borrowers hurt in the massive US mortgage and foreclosure scandal.

HSBC to pay $249 mn fine for US mortgage abuse
©REUTERS
US fines Transocean $1.4 bn over Gulf oil disaster

The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.

US fines Transocean $1.4 bn over Gulf oil disaster
©REUTERS
Mitsubishi Bank fined $8.6 mn for flouting US sanctions

Mitsubishi UFJ, Japan's biggest bank, must pay US authorities a fine totaling some 8.6 million dollars for flouting US sanctions on Iran, Sudan, Myanmar and Cuba.

Mitsubishi Bank fined $8.6 mn for flouting US sanctions
Oil spill. ©REUTERS
BP to pay record $4.5 bn fine over US oil spill

BP agreed Thursday to pay a record $4.5 billion in US fines for the 2010 Gulf of Mexico oil spill and pleaded guilty to 14 counts including felony manslaughter in the deaths of 11 workers.

BP to pay record $4.5 bn fine over US oil spill
©REUTERS
Citi fined $2 mn over Facebook IPO leak

US banking giant Citigroup paid a $2 million fine to a state regulator and fired a junior analyst over a probe into leaks of confidential information on Facebook's public offering.

Citi fined $2 mn over Facebook IPO leak
Photo courtesy of dmorozreport.blogspot.com
Ministry of Transport: China-made trucks damage Kazakhstan roads

China-made trucks that ride Kazakhstan highways destroy the road’s surface: Kazakhstan Ministry of Transport.

Ministry of Transport: China-made trucks damage Kazakhstan roads
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Beeline fined $1 million

KaR-Tel cellular operator has been fined $1 million for setting a threshold for connection to international roaming service.

Beeline fined $1 million
Standard Chartered fined $340m over Iran deals
Standard Chartered fined $340m over Iran deals

Standard Chartered on Tuesday settled allegations that it helped Iranian clients dodge US sanctions, announcing a fine of $340 million from a New York banking watchdog.

Standard Chartered fined $340m over Iran deals
Former Blackwater fined $7.5 mn over US arms case
Former Blackwater fined $7.5 mn over US arms case

The security firm formerly known as Blackwater has agreed to pay a fine of $7.5 million to avoid US prosecution for smuggling arms, the Justice Department said in a statement Tuesday.

Former Blackwater fined $7.5 mn over US arms case
Photo courtesy of ArcelorMittal Temirtau
ArcelorMittal Temirtau fined for environmental damages

ArcelorMittal Temirtau and Central Asia Cement have been fined over 57 million tenge for ecology damage.

ArcelorMittal Temirtau fined for environmental damages
Gas flaring. ©REUTERS
Aktobe oil company fined 500 million tenge for emissions

Kazakhoil Aktobe reimbursed the state with 445 million tenge ($3 million) for the environmental damaged caused by excessive gas flaring.

Aktobe oil company fined 500 million tenge for emissions
Oil well at the Caspian Sea. ©RIA Novosti
Oil-producing companies will pay 400 million tenge in fines: Kazakhstan Oil and Gas Ministry

The list of penalized companies will be published on the website of the Oil and Gas Ministry in the beginning of April.

Oil-producing companies will pay 400 million tenge in fines: Kazakhstan Oil and Gas Ministry
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KazMunaiGas fined 500 million tenge in Pavlodar

KazMunaiGas was mulct by 470 million tenge ($3.2 million) in Pavlodar.

KazMunaiGas fined 500 million tenge in Pavlodar
Minister of Industry and New Technologies Asset Issekeshev. Photo by  Danial Okassov©
Fines for poor-quality goods will increase 5-fold in Kazakhstan

Fines for producing low-quality goods may be increased 5-fold in Kazakhstan.

Fines for poor-quality goods will increase 5-fold in Kazakhstan
A British fined for debauch in Astana airport

Astana court announced its ruling on the case against the British citizen who made a debauch in the airport of Astana.

A British fined for debauch in Astana airport
Illustration by tengrinews.kz
TengizChevroil fined 2 billion tenge

TCO made a blow-out of unconditioned gas exceeding the standards in July 2010.

TengizChevroil fined 2 billion tenge
©REUTERS
Tengizchevroil pays penalty for gas flaring

Oil production output at Tengiz in 2010 made up 26 million tons.

Tengizchevroil pays penalty for gas flaring
Photo courtesy of sinooil.kz
APC fined Sinooil 3 million tenge

Agency for Protection of Competition fined Sinooil over 3 million tenge.

APC fined Sinooil 3 million tenge
Kashagan oil field. ©REUTERS
Kashagan operator fined $1.3 million for ecological violations

North Caspian Operating Company (NCOC) was fined 200 million tenge ($1.3 million) for ecological violations.

Kashagan operator fined $1.3 million for ecological violations