Halister News

(Bloomberg) -- Former Chairman Mohamed Zafrullah Khan arrested Tuesday night, to face charges of money laundering, theft on Wednesday, Nairobi-based newspaper reports, citing his lawyer.

• Summonses issued for six other senior bank managers after authorization Director of Public Prosecution authorized their prosecution over collapse of bank
• Khan’s lawyer, Cecil Miller, didn’t immediately return a call seeking comment when Bloomberg called his office
• Link to original article
• NOTE: June 19, SocGen Among Frontrunners for Kenya’s Chase Bank: Business Daily Link

For Related News and Information:

(Bloomberg) -- Co. files in Tokyo District Court seeking injunction against unfair competition, according to emailed statement.

• Toshiba seeking permanent injunction, damages and payment for alleged violation of Unfair Competition Prevention Act among other things, co. says in statement
• Suit says WD has exaggerated consent right to “interfere” with sale of Toshiba Memory Corp.
• Toshiba also says suit filed in Japan because WD obtained trade secrets by transferring employees of SanDisk to WD
• NOTE: WD became joint venture partner of Toshiba in semiconductors after buying SanDisk. WD has sought to block sale
• NOTE: Toshiba has selected consortium that doesn’t include WD as preferred bidder for TMC

To contact the reporter on this story: Robert Fenner in Hong Kong at rfenner@bloomberg.net To contact the editors responsible for this story: Robert Fenner at rfenner@bloomberg.net Reed Stevenson

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.

• To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery

UPGRADES

• Sir Shadi Lal Enterprises
  • Long-term rating raised to B from C at Crisil
  • Cites improvement in business risk profile, revenue growth supported by a rise in sugar prices
• Vikram India Ltd.
  • Long-term rating raised to BB+ from B at Crisil
  • Cites expectations that company’s business profile and liquidity will improve over medium-term