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| France's former President Sarkozy detained by police in corruption probe | |  By Nicholas Vinocur NANTERRE France (Reuters) - Former French President Nicolas Sarkozy was held for questioning for 15 hours on Tuesday over suspicions he used his influence to secure leaked details of an inquiry into alleged irregularities in his 2007 election campaign. It was the first time a former French head of state has been held in police custody and is the latest blow to Sarkozy's hopes of a comeback after his 2012 election defeat by Socialist rival Francois Hollande. Sarkozy arrived early on Tuesday to be quizzed by police investigators at their offices in Nanterre, west of Paris. He spent all day and evening in police custody but at about 11:40 p.m. local time (0940 GMT), he was seen by a Reuters journalist arriving at a civil court in Paris, where he was to be presented to judges.
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| Two counts tossed in Rajaratnam brother's insider trading trial | |  By Nate Raymond NEW YORK (Reuters) - A U.S. judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case. Rengan Rajaratnam, a former Galleon fund manager, still faces a conspiracy count, after U.S. District Judge Naomi Reice Buchwald at a hearing in Manhattan dismissed other counts related to improper trading in technology company Clearwire Corp. Buchwald said the question was whether Rengan Rajaratnam traded on inside information about Clearwire knowing the tipper breached his duties to keep it secret and in exchange for a personal benefit. Daniel Gitner, Rajaratnam's lawyer, and a spokesman for Manhattan U.S. Attorney Preet Bharara declined comment.
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| Bomb kills 20 in Nigeria market, girls' abduction suspect held | | | By Lanre Ola MAIDUGURI Nigeria (Reuters) - A bomb in a van carrying charcoal exploded in a busy market in northeast Nigeria on Tuesday, killing at least 20 people in the latest suspected attack by Islamist militants, witnesses said. The blast from the vehicle bomb wrecked cars and taxis that were unloading passengers and wares on a road adjoining the market in the Borno state capital of Maiduguri. The military said earlier on Tuesday that it had arrested a number of suspected Boko Haram collaborators including a Maiduguri businessman it said was involved in the abduction of the schoolgirls. Boko Haram has also struck at Abuja, the capital of Africa's biggest economy, with three bombings in three months. |
| Vincent handed life ban after fixing confession | |  The England and Wales Cricket Board (ECB) announced a life ban on disgraced former New Zealand cricketer Lou Vincent on Tuesday, just hours after the player admitted he was a "cheat" and had shamed his country and the sport by fixing matches. The ECB said 35-year-old Vincent had pleaded guilty to 18 breaches of the board's anti-corruption regulations in three matches in England and had accepted the ban which barred him from playing or coaching in any form of recognised cricket. "This has been a complex case which has crossed different cricketing jurisdictions and required close collaboration and intelligence-sharing between both our own anti-corruption unit, other domestic boards and the ICC's ACSU (anti-corruption and security unit," ECB chief executive David Collier said in a statement. Vincent, representing Auckland Aces, also tried to "corrupt" two matches in the 2012 edition of the Champions League Twenty20 tournament, its organisers said on Tuesday.
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| SAT dismisses Reliance Industries' appeal for settlement with SEBI | |  The Securities Appellate Tribunal (SAT) on Monday dismissed an appeal by Reliance Industries Ltd seeking an opportunity to settle a case with the Securities and Exchange Board of India (SEBI) involving suspected illegal trading by the energy conglomerate in one of its subsidiaries. In its appeal to the tribunal, Reliance had argued SEBI had not given it an opportunity to request the settlement of the case under a process called consent proceedings. Under consent proceedings, parties involved in disputes with SEBI can settle them without admission of guilt. SAT, in dismissing Reliance's appeal on Monday, ruled that revised consent proceedings rules SEBI introduced last year, which were retrospectively applied, do not allow a case rejected from consent proceedings to be appealed.
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