GM found negligent in pickup trial
Article Abstract:
A jury in a Georgia court held that GM would have to pay $105.2 million in damages for negligence in the death of a teenager in a GMC pickup truck. In another case, NBC agreed to pay damages to GM for tampering with a crash test of a GM pickup.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
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Leading Saudi banker indicted
Article Abstract:
NCB COO Sheik Khalid was charged with fraud in connection with the BCCI scandal. The Federal Reserve Board ordered NCB to close its office in New York and imposed a civil fine of $170 million against Haroon Kahlon, Khalid's associate.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Car dealer indicted for defrauding GM
Article Abstract:
Automobile dealer John McNamara was charged with defrauding General Motors Corp of $436 million in auto loans. McNamara is accused of using dummy corporations to obtain loans from General Motors Acceptance Corp for nonexistent cars.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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