Adelphia Communications Corp. was illegally coerced through the use of commercial loans by Citigroup Inc. , Credit Suisse Group AG and other banks trying to get lucrative investment banking work, a lawyer seeking recovery for the defunct cable television company’s creditors said.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
India’s Bihar began a month of elections today that will test whether doubling economic growth is enough to get its chief minister re-elected in a state where caste and class allegiances have dominated.
India’s political opposition splintered less than a year before the next election as the largest ally of the Bharatiya Janata Party severed ties over its aversion to the growing power of Gujarat leader Narendra Modi.
An Indian court found politician Lalu Prasad, an ally of Prime Minister Manmohan Singh, guilty of embezzlement in a 17-year-old graft case that may redraw alliances before national elections due by May.
To avoid upsetting her husband, Urmila Devi told him she’ll heed his request to pick India’s ruling Congress party when their 50-family village votes this week. Once inside the polling booth, she plans to ignore him.
India today hanged Mohammad Afzal Guru, convicted by an Indian court for his role in the December 2001 attack on parliament, after a mercy petition was rejected, Home Minister Sushil Kumar Shinde said.