Showing 1 - 10 of 44
Judge postpones 2nd corruption trial of Malaysia's former PM
Associated Press, Published on 19/08/2019
» KUALA LUMPUR: The second trial of Malaysian's ex-Prime Minister Najib Razak linked to the multibillion-dollar looting of the 1MDB state investment fund was delayed Monday by a week to allow his first trial to end.
UN: Organised crime spreading in Southeast Asia
Associated Press, Published on 18/07/2019
» Organised crime syndicates in Southeast Asia are flourishing in the illegal trafficking of drugs, wildlife, counterfeit goods and people, a UN report said Thursday.
Facebook currency plan under scrutiny in Congress
Associated Press, Published on 16/07/2019
» WASHINGTON: Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve.
Koreans held in Cambodia for carrying $2.2m
Associated Press, Published on 08/07/2019
» PHNOM PENH: Police in Cambodia say they have arrested two South Korean citizens who were found carrying $2.2 million into the country without proper authorisation.
Cambodia charges 3 Chinese with money laundering
Associated Press, Published on 28/04/2019
» PHNOM PENH: A Cambodian court has charged three Chinese nationals with money laundering after the men were allegedly caught carrying more than $3.5 million without proper provenance for the money.
Malaysian scandal spreads to US
Associated Press, Published on 01/11/2018
» WASHINGTON: The US Justice Department on Thursday charged a fugitive Malaysian financier in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to promote economic development projects in that country.
US charges Singaporean laundered funds for N. Korea
Associated Press, Published on 26/10/2018
» WASHINGTON: The United States imposed sanctions Thursday on the Singapore-based director of a commodities company accused of laundering money for North Korea through the US financial system.
Najib, ex-treasury, spy chiefs charged with graft
Associated Press, Published on 25/10/2018
» KUALA LUMPUR: Former Malaysian Prime Minister Najib Razak and his ex-treasury chief were jointly charged Thursday with criminal breach of trust involving 6.64 billion ringgit ($1.6 billion), while his ex-spy agency head was charged with misappropriating $12.1 million.
Malaysia plans new taxes to help pay off snowballing debt
Associated Press, Published on 09/10/2018
» KUALA LUMPUR: Malaysian Finance Minister Lim Guan Eng said Tuesday the government plans to new tax measures to help raise funds to pay off national debts that have snowballed due to corruption under the previous government.
Malaysia lobbies for Chinese help amid fiscal woes
Associated Press, Published on 20/08/2018
» BEIJING: Malaysia's leader said Monday that he hoped China would sympathise with his country's fiscal problems as he met with the country's leaders after suspending multi-billion-dollar construction projects financed by Chinese loans.