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Business Matters: SAC Capital faces fraud charges

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26/07/2013

SAC Capital faces fraud charges

BBC World Service - Business Matters, SAC Capital faces fraud charges

Wall Street hedge fund SAC Capital face criminal charges launched by US authorities

Wall Street hedge fund SAC Capital face criminal charges launched by US authorities for fraud.

US authorities have launched criminal charges against the Wall Street hedge fund SAC Capital. The fund is being charged with four counts of securities fraud and one count of wire fraud, after seven-year long investigation.

Plus, the Archbishop of Canterbury has warned the online money lender Wonga that the Church of England plans to compete against it and force it out of business. We hear from both sides of the lending argument.

As bra-makers Hanes and Maindenform join forces, we look at the changing nature of the lingerie business.

We are joined by Jason Drew an environmental capitalist and larvae farmer from South Africa as well as Duncan Mavin from the Wall Street Journal in Hong Kong.

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