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Last Updated : Apr 09, 2018 01:17 PM IST | Source: Moneycontrol.com

Volkswagen, GSK & Credit Suisse: Companies that have been fined billions for flouting laws

Major companies have on occasion slipped up and ended on the wrong side of the law. Here's a list of the companies who had to cough up billions as fines.

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11. Google | Fine: Rs 17,735 crore | European Commission accused the firm of promoting Google Shopping in organic search results while simultaneously demoting rival services in 2017. (Image: Reuters)
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11. Google | Fine: Rs 17,735 crore | European Commission accused the firm of promoting Google Shopping in organic search results while simultaneously demoting rival services in 2017. (Image: Reuters)

10. Credit Suisse | Fine: Rs 18,718 crore | The Swiss bank had to pay Rs 18,718 crore in 2014 after it pleaded guilty to criminal charges of helping US citizens evade taxes. (Image: Reuters)
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10. Credit Suisse | Fine: Rs 18,718 crore | The Swiss bank had to pay Rs 18,718 crore in 2014 after it pleaded guilty to criminal charges of helping US citizens evade taxes. (Image: Reuters)

9. GlaxoSmithKline | Fine: Rs 19,501 crore | The company had to pay the fine for misbranding the Paxil and Wellbutrin drugs and hiding safety information from the FDA. (Image: Reuters)
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9. GlaxoSmithKline | Fine: Rs 19,501 crore | The company had to pay the fine for misbranding the Paxil and Wellbutrin drugs and hiding safety information from the FDA. (Image: Reuters)

8. Goldman Sachs | Fine: Rs 32,497 crore | In April 2016, the firm agreed to pay the fine for misleading investors about residential mortgage-backed securities, a role that fuelled the 2008 Global Financial Crisis. (Image: Reuters)
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8. Goldman Sachs | Fine: Rs 32,497 crore | In April 2016, the firm agreed to pay the fine for misleading investors about residential mortgage-backed securities, a role that fuelled the 2008 Global Financial Crisis. (Image: Reuters)

7. Anadarko Petroleum | Fine: Rs 33,477 crore | The American firm agreed to pay the fine to clean up areas in the US that it polluted with nuclear fuel, wood creosote and rocket fuel waste. The contamination caused cancer and other health problems among citizens. (Image: Reuters)
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7. Anadarko Petroleum | Fine: Rs 33,477 crore | The American firm agreed to pay the fine to clean up areas in the US that it polluted with nuclear fuel, wood creosote and rocket fuel waste. The contamination caused cancer and other health problems among citizens. (Image: Reuters)

6. Citigroup | Fine: Rs 45,503 crore | In 2014, the bank was found guilty for selling bad mortgages as good investments, adding to the 2008 financial crisis. (Image: Reuters)
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6. Citigroup | Fine: Rs 45,503 crore | In 2014, the bank was found guilty for selling bad mortgages as good investments, adding to the 2008 financial crisis. (Image: Reuters)

5. BNP Paribas | Fine: Rs 57,854 crore | The company was accused of illegally processing transactions through the US financial system from economic sanctioned countries such as Sudan, Iran and Cuba for eight years. (Image: Reuters)
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5. BNP Paribas | Fine: Rs 57,854 crore | The company was accused of illegally processing transactions through the US financial system from economic sanctioned countries such as Sudan, Iran and Cuba for eight years. (Image: Reuters)

4. JPMorgan Chase | Fine: Rs 84,272 crore | The US Justice Department ordered the settlement for misleading investors about securities containing toxic mortgages during the 2008 financial crisis. (Image: Reuters)
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4. JPMorgan Chase | Fine: Rs 84,272 crore | The US Justice Department ordered the settlement for misleading investors about securities containing toxic mortgages during the 2008 financial crisis. (Image: Reuters)

3. Volkswagen | Fine: Rs 95,307 crore | The German automaker had to cough-up the fine after being caught for cheating on emissions tests and deceiving its customers. (Image: Reuters)
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3. Volkswagen | Fine: Rs 95,307 crore | The German automaker had to cough-up the fine after being caught for cheating on emissions tests and deceiving its customers. (Image: Reuters)

2. Bank of America | Fine: Rs 107,950 crore | The bank paid the hefty sum as penalty for financial fraud that lead to the 2008 financial crisis. (Photo: WikiMedia Commons)
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2. Bank of America | Fine: Rs 107,950 crore | The bank paid the hefty sum as penalty for financial fraud that lead to the 2008 financial crisis. (Photo: WikiMedia Commons)

1. British Petroleum | Fine: Rs 134,856 crore | In 2016, British Petroleum was found guilty of criminal manslaughter and environmental crimes following an explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico. The Gulf oil spill is recognised as the worst oil spill in US history. (Image: Reuters)
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1. British Petroleum | Fine: Rs 134,856 crore | In 2016, British Petroleum was found guilty of criminal manslaughter and environmental crimes following an explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico. The Gulf oil spill is recognised as the worst oil spill in US history. (Image: Reuters)

First Published on Apr 9, 2018 10:39 am
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