Latest news with #fines
CTV News
15 hours ago
- General
- CTV News
Northern Ont. man fined $1,001 for dumping a bag of garbage
Timmins still has a problem with people illegally dumping trash, so it's stepping up fines and enforcement. Sergio Arangio reports. 2021: Cracking down on illegal dumping in Timmins A Cochrane, Ont., man was fined $1,001 for dumping a single bag of garbage on public land. John Sullivan pleaded guilty to the offence, which is a violation under the Public Lands Act. In a news release Friday, the Ministry of Natural Resources said the incident took place Oct. 8, 2023, in Hanna Township, south of Cochrane. 'The officers discovered that garbage had been deposited on public lands at the Little Lake access point parking lot,' the release said. 'The investigation led conservation officers to Sullivan who admitted to the offence.' Justice of the Peace Estelle Bérubé heard the case in the Ontario Court of Justice in Cochrane on Dec. 3, 2024. To report a natural resource problem or provide information about an unsolved case, members of the public can call the ministry TIPS line toll-free at 1-877-847-7667. To remain anonymous, call Crime Stoppers at 1-800-222-TIPS. For more information about unsolved cases, click here.
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE: Dh100 million fine imposed on exchange house
An exchange house has been fined Dh100 million, the Central Bank of UAE said in a statement on Thursday. The financial sanction was imposed after "significant failures" were found in the examinations conducted by the authority. The failures were in relation to the the Exchange House's Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations framework, and related regulations. This was pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities. The CBUAE, through its supervisory and regulatory mandates, aims to ensure that all exchange houses, their owners, and staff abide by the UAE laws, regulations and standards.
CTV News
2 days ago
- Business
- CTV News
Toronto private college, director fined more than $400,000 for failing to pay wages to 14 employees
A private college in Toronto and its director are each facing significant fines for failing to pay almost $185,000 in wages owed to 14 employees. In a May 28 court bulletin, the Ontario Ministry of Labour, Immigration, Training and Skills Development identified the business in question as Ontario International College Inc./College International De L'Ontario Inc., located at 16 Wellebourne Cres. in Toronto. The workplace of the corporation's director, Anchuan Jiang, is 3550 Victoria Park Ave. in North York, it said. According to the ministry, Ontario International College Inc. 'failed to comply with orders to pay wages,' which was issued by an employment standards officer (ESO) under section 103(8) of the Employment Standards Act, 2000, which is an offence under section 132 of the Act. It further said that Jiang failed, as the corporation's director, to comply with a director order to pay issued by an ESO under section 106 of the Act, which is an offence under section 136. The orders to pay the unpaid wages were issued between October 2019 and October 2020. However, the corporation did not comply, nor did it seek a review of the orders to pay, the ministry said. The ESO then issued a direct order to pay to Jiang, who also did not follow through with the order, nor did he apply for a review. At that point, the ministry took the corporation and its director to court for failing to comply with the respective order to pay were both convicted on March 28 following guilty verdicts on all counts in the Provincial Offences Court in Toronto. Justice of the Peace Ruby Wong fined Ontario International College Inc. $270,000 and its director, Anchuan Jiang, $140,000. This amount does not include the owed wages. The court has also imposed a 25 per cent victim fine surcharge on the defendants, as required by the Provincial Offences Act. This surcharge will go to a special provincial government fund that helps victims of crime. Dave Simpson and Alexsis Qi served as the provincial prosecutors for both cases.
CTV News
3 days ago
- Business
- CTV News
Toronto private college, director fined more than $400,000 for failing to pay wages to 14 employees
A private college in Toronto and its director are each facing significant fines for failing to pay almost $185,000 in wages owed to 14 employees. In a May 28 court bulletin, the Ontario Ministry of Labour, Immigration, Training and Skills Development identified the business in question as Ontario International College Inc./College International De L'Ontario Inc., located at 16 Wellebourne Cres. in Toronto. The workplace of the corporation's director, Anchuan Jiang, is 3550 Victoria Park Ave. in North York, it said. According to the ministry, Ontario International College Inc. 'failed to comply with orders to pay wages,' which was issued by an employment standards officer (ESO) under section 103(8) of the Employment Standards Act, 2000, which is an offence under section 132 of the Act. It further said that Jiang failed, as the corporation's director, to comply with a director order to pay issued by an ESO under section 106 of the Act, which is an offence under section 136. The orders to pay the unpaid wages were issued between October 2019 and October 2020. However, the corporation did not comply, nor did it seek a review of the orders to pay, the ministry said. The ESO then issued a direct order to pay to Jiang, who also did not follow through with the order, nor did he apply for a review. At that point, the ministry took the corporation and its director to court for failing to comply with the respective order to pay were both convicted on March 28 following guilty verdicts on all counts in the Provincial Offences Court in Toronto. Justice of the Peace Ruby Wong fined Ontario International College Inc. $270,000 and its director, Anchuan Jiang, $140,000. This amount does not include the owed wages. The court has also imposed a 25 per cent victim fine surcharge on the defendants, as required by the Provincial Offences Act. This surcharge will go to a special provincial government fund that helps victims of crime. Dave Simpson and Alexsis Qi served as the provincial prosecutors for both cases.
BBC News
3 days ago
- Business
- BBC News
Who owns Thames Water and why is it in so much trouble?
Thames Water has been fined a record £122.7m and been told it has "let down its customers and failed to protect the environment" by the water regulator company has huge debts and is struggling to fix leaks, stop sewage spills, and modernise outdated serves about a quarter of the UK's population, mostly across London and parts of southern England, and employs 8,000 people. Why was Thames Water fined so much? Ofwat ordered Thames Water to pay a fine following two investigations into its company has been hit with a £104.5m penalty for breaches of rules connected to its sewage heavy rainfall, water operators can release untreated waste into rivers and seas to prevent homes regulator Ofwat said its findings suggested three quarters of Thames Water's storm overflows were spilling "routinely and not in exceptional circumstances".Additionally, Thames was fined £18.2m because of multi-million-pound payments to its shareholders in 2023 and 2024. Ofwat called these "undeserved" given the company's money from Ofwat's fines will ultimately go to the Treasury, but no firm decision has been made about what it will be used has estimated it could be fined up to £900m over the next five years for leaks and sewage spills which would hinder efforts to attract new investment. What did the regulator say about Thames Water's dividends? The Ofwat fine marks the first time a water company has faced a penalty because of its payments to shareholders, which are called dividends. The regulator highlighted Thames Water's payment of £37.5m made in October 2023 and £131.3m in March 2024, which it said "broke the rules".The regulator said the shareholder payouts did "not properly reflect the company's delivery performance".Thames Water said the dividends "were declared following a consideration of the company's legal and regulatory obligations." How did Thames end up with so much debt? Many UK water companies have large debts, but Thames Water's problems are the Thames was privatised in 1989, it had no debt. But over the years it borrowed heavily and its total debt - which includes all of its borrowings and liabilities - now stands at £22.8bn, according to latest financial debt pile increased sharply when Macquarie, an Australian infrastructure bank, owned Thames Water, with debts reaching more than £10bn by the time the company was sold in said it invested billions of pounds in upgrading Thames's water and sewage infrastructure while it owned the company, but critics argue that it took billions of pounds out of the company in loans and dividends. What does all this mean for customers? No matter who eventually owns or runs Thames Water, customers will see no impact on their services. Taps will still run and toilets will still Thames has said it needs to increase its bills to fix problems, with the average annual bill rising by almost a third to £639 in April. Consumer groups argue people shouldn't have to pay more because the company has been badly Sir Adrian Montague, Thames Water's chairman, warned that without bigger price rises, the company cannot guarantee safe and resilient water supplies that can cope with climate change and population growth. Who owns Thames Water now? Thames Water is privately owned by a group of pension funds and investment firms. The biggest shareholders include:Ontario Municipal Employees Retirement System (Canada) - 32%Universities Superannuation Scheme (UK) - 20%Abu Dhabi Investment Authority - 10%China Investment Corporation - 9%Other investors include funds from Canada, Australia, and the Netherlands. Could Thames have fallen under government control? Earlier this year, Thames secured £3bn in emergency funding, which it said would give it the space needed to complete a restructuring of its debts and attract a cash injection from prospective new proposals had to be approved by the High Court after a group of creditors opposed it, arguing the 9.75% interest rate on the loan was too group then appealed against the High Court's decision, but this was the funding deal had not been approved, Thames faced the possibility of a temporary nationalisation, under a measure known as a Special Administration Regime. Will Thames now be bought by a US company? Thames Water is in discussions with US investment group KKR about a cash injection of up to £ is one of the world's largest private equity firms with $160bn of investments globally. The firm is already a shareholder in another UK water provider, Northumbrian deal being completed is also dependent on lenders to the company accepting a discount on the billions they are owed. Some junior lenders could see their entire loan being written said in March there was no certainty that a binding proposal would emerge, and any deal would need to be approved by regulators. Why was Thames Water privatised? The entire water and waste sector was privatised under Margaret Thatcher's Conservative government. At the time, Thatcher wrote off the industry's £5bn debt, leaving companies with a clean slate, and gave them £1.5bn in public the time, the UK was under pressure to meet European water quality standard standards. Thatcher wanted the billions of pounds of investment need to do this to come from the private sector and, by extension, companies' customers."If we want environmental improvement, it will cost money," said Mrs Thatcher in 1988. "It will be the people who want those improvements in water who will have to pay."However, critics say that privatisation has not worked as water firms have taken on too much debt while failing to invest in infrastructure.
