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High Court wants names of Bangladeshis who park funds in Swiss banks


 
Staff Correspondent, 
bdnews24.com
Published: 28 Feb 2021 09:34 PM BdST
Updated: 28 Feb 2021 09:34 PM BdST
The High Court has ordered the authorities to make a list detailing how many Bangladeshis have how much money stashed away in the banks of Switzerland.
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The bench of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim on Sunday also ordered a report on the government steps to bring the money back from the foreign banks.
The orders came after the hearing of a writ petition filed by Supreme Court lawyers Abdul Qayyum Khan and Subir Nandi Das on Feb 1 seeking order for proper steps to recover the money laundered to foreign banks, including those in Switzerland. ....

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IRB cancels RM2.44b worth of tax penalties imposed on TNB


KUALA LUMPUR (Jan 1): Tenaga Nasional Bhd (TNB) said the Inland Revenue Board of Malaysia (IRB) had agreed to immediately remit all penalties imposed on TNB for the years of assessment (YAs) 2013 to 2018 amounting to RM2.44 billion (RM2,438,869,963.62) after both parties signed two consent orders in respect of judicial review proceedings for YAs 2015 to 2017 and YA 2018 on Tuesday (Dec 29, 2020).
In a statement to Bursa Malaysia yesterday, government-controlled utility TNB said the IRB will issue the notifications of reduced assessment within 30 days from the date of the consent orders. 
The consent order for a judicial review application in relation to YAs 2015 to 2017 was recorded before the High Court on Dec 30, 2020, and the consent order for a judicial review application in relation to YA 2018 is awaiting to be recorded before the High Court at the earliest opportunity. ....

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Ocado Denies Copying Norwegian Firm's Robot Patents


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Ocado Denies Copying Norwegian Firm s Robot Patents
Law360, London (December 21, 2020, 5:12 PM GMT) Ocado has hit back at an intellectual property lawsuit filed in London by a Norwegian robotics company accusing the online grocery giant of infringing its technology for automated warehouses, arguing the patents protect obvious processes and are invalid.
In a defense and counterclaim filed in the High Court on Dec. 14, Ocado Group PLC and four other units denied stealin technology for an automated storage and retrieval system from AutoStore Technology AS.
Ocado, which has contracts with high street chains including Marks & Spencer in the U.K., argued that Autostore s patents for a robotic warehouse system are obvious and should not. ....

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