Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

Daiichi Sankyo says it was misled over Ranbaxy U.S. probes

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 

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Bernanke Speaks

Bernanke Speaks

Bernanke touts benefits of easing, no hint of pullback.  Full Article 

Sensex Falls

Sensex Falls

Sensex falls for third day; L&T results spark worries.  Full Article 

Copper Shortage

Copper Shortage

Copper smelter closures put cable makers in tight spot.  Full Article 

Tax Avoidance

Tax Avoidance

Factbox: Apple, Amazon, Google and tax avoidance schemes.  Full Article 

Tracking India Gold

Tracking India Gold

Physical gold market awaits fresh import guidelines.  Full Article 

Earnings Season

Earnings Season

L&T looks overseas to offset weak home market  Full Article | Full Coverage 

Bank Acquisition

Bank Acquisition

Srei Infrastructure to buy Austrian bank unit - paper  Full Article 

Just Dial IPO

Just Dial IPO

Just Dial's 9.4 billion rupee IPO covered 11.6 times  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Former BJP chief Bangaru Laxman convicted in Tehelka case

Related Topics

Track BSE Sectoral Indices

Track Markets: BSE Sectoral Indices

Track and analyse performance of all BSE sectoral indices and other global indices on a single page.   Full Coverage 

Bangaru Laxman is seen on a video grab from a hidden camera. REUTERS/Tehelka/Files

Bangaru Laxman is seen on a video grab from a hidden camera.

Credit: Reuters/Tehelka/Files

Fri Apr 27, 2012 4:10pm IST

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.
Top News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.