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Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

Akio Toyoda, the beleaguered fourth-generation head of Toyota, admitted that rapid expansion at the family company caused it to put growth ahead of safety and quality, resulting in the current recall crisis.

Toyota president and CEO Akio Toyoda has agreed to appear before the US House of Representatives’ Committee on Oversight and Government Reform after being summoned by committee chairman Edolphus Towns yesterday.

Turkey’s Dogan family, owners of one of the country's biggest conglomerates, has won a small victory after a court revoked part of a huge set of tax fines against the media arm of its empire.

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