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GIIB Holdings Bhd has brought back its founder Tai Boon Wee to the helm as non-executive chairman, marking his return following clearance from Malaysia's anti-corruption agency.
The Malaysian Anti-Corruption Commission has placed over 1,600 companies under investigation as part of its expanded probe into the Daya Kerjaya fraud case, signalling the widening scope of what appears to be a major corporate misconduct scandal.
Australia's ASX has admitted to making misleading public statements about a troubled software upgrade and agreed to pay A$20.5 million in penalties to settle a case brought by corporate regulator ASIC, subject to Federal Court approval.