Category: misconduct
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HMRC dismissals for gross misconduct hit five-year high as 179 civil servants sacked
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HMRC sacked 179 staff for serious misconduct in 2024, the highest number in at least five years, according to data obtained through a Freedom of Information request. This represents a 43% increase compared to 2020 when 125 employees were dismissed for similar reasons, accounting for just 28% of all dismissals…
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Major corporations return to CBI as lobby group rebuilds after misconduct scandal
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The Confederation of British Industry, which faced a mass exodus of members and severe financial difficulties after the allegations emerged in April 2023, has taken major steps to restore its standing. The group has cut a third of its staff, closed its international offices and overhauled its management structure. These…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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SunPower Shares Slump Amid Financial Misconduct Allegations
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(Bloomberg) — SunPower Corp. shares posted their biggest drop in seven weeks after the troubled company’s accountant resigned amid allegations of misconduct by top executives. Most Read from Bloomberg The company’s shares fell about 18%, their biggest daily drop since May 15, and were trading at $2.20 at 12:58 p.m.…
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Ethereum L2 Eclipse CEO Steps Back Amid Sexual Misconduct Allegations
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Neil Somani, founder and CEO of the Ethereum layer 2 Eclipse project, announced a temporary reduction in his role following allegations of sexual misconduct. In a statement published on May 9, Al-Sumani addressed these accusations, affirming his innocence and acknowledging the seriousness of the situation. Al Somani denies allegations of…