Drug Safety Settlement
Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy. Full Article
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Former BJP chief Bangaru Laxman convicted in Tehelka case
REUTERS - Bangaru Laxman, a former president of the Bharatiya Janata Party (BJP), was on Friday convicted by a Delhi court more than a decade after being caught on camera allegedly accepting a bribe from a journalist posing as an arms dealer.
Media reports said a special court held Laxman guilty of accepting 100,000 rupees in 2001 in what was later revealed to be a sting operation by the Tehelka website.
Laxman resigned as his party's president soon after the video footage was made public.
Laxman faces a maximum jail term of five years and has been taken into custody, media reports said. A sentencing hearing is scheduled for Saturday.
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