Showing 21 - 30 of 301
Singapore convicts second man in $2.2bn money laundering case
Reuters, Published on 04/04/2024
» SINGAPORE - A Singapore court on Thursday convicted a second defendant in its biggest-ever money laundering probe, news outlet The Straits Times reported, a case that has seen the seizure or freezing of US$2.2 billion of assets.
Asia human trafficking ‘a global crisis’
Published on 27/03/2024
» SINGAPORE - Organised crime rings that fuelled an “explosion” of human trafficking and cyber scam centres during the pandemic have expanded from Southeast Asia into a global network making up to $3 trillion a year, the head of Interpol said on Wednesday.
Property tycoon ‘embezzled $12bn’ in Vietnam’s biggest fraud case
Published on 03/03/2024
» For several years, Truong My Lan held meetings on the 39th floor of the sleek Times Square tower in the heart of Vietnam’s commercial hub, Ho Chi Minh City. There, in a room that acted as her command centre, she allegedly wove a $12 billion tapestry of fraud and corruption, according to the police reports that form the basis of a court case against her.
Malaysia's Anwar defends royal clemency for ex-PM Najib
Published on 05/02/2024
» KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim urged calm on Monday as he defended a move to reduce the jail sentence for disgraced former leader Najib Razak, amid a growing backlash from critics who said the decision could jeopardise anti-corruption efforts.
Jail term of Malaysian ex-PM Najib halved
Published on 02/02/2024
» KUALA LUMPUR - A Malaysian pardons board on Friday confirmed that it had halved the jail sentence of former prime minister Najib Razak, who was convicted of graft and money laundering related to the multibillion-dollar 1MDB scandal.
N.Korean hackers laundering money with scammers, drug gangs in SE Asia: UN
Published on 15/01/2024
» LONDON: North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug traffickers in Southeast Asia, according to a United Nations report published on Monday, with casinos and crypto exchanges emerging as key venues for organised crime.
Malaysia can’t rule out if millions in donations went to Hamas
Published on 11/12/2023
» Malaysia’s government can’t rule out whether a local charity funnelled millions of dollars to Hamas, according to officials familiar with the matter, as it probes the group for allegedly supporting a conservative Islamist organization in the Southeast Asian nation.
Elderly Hong Kong woman tricked out of HK$16 million after giving out bank account details
South China Morning Post, Published on 19/11/2023
» An elderly woman was tricked out of HK$16 million (US$2.05 million) after giving out her bank account details in Hong Kong, losing the most among victims discovered in the latest police crackdown on scams that has led to the arrest of 21 suspects.
Hundreds of mobsters face hard time after Italian 'maxi-trial'
AFP, Published on 13/11/2023
» ROME: Hundreds of alleged members of the 'Ndrangheta -- Italy's most powerful organised crime group -- and their white-collar collaborators face sentencing this week following a historic, nearly three-year trial.
Ex-Malaysia minister gets caning for graft
Bloomberg News, Published on 09/11/2023
» KUALA LUMPUR - Malaysia’s former youth and sports minister Syed Saddiq Abdul Rahman was sentenced to seven years in jail and two strokes of the cane after he was found guilty of charges including misappropriating funds.