Your hub for Malaysian news, trends and culture.
The High Court is hearing proceedings involving former Prime Minister Najib Razak and allegations of massive fraud at state investment fund 1MDB, with prosecutors presenting claims that the former leader betrayed public trust through an alleged multi-billion dollar scheme.
South Korean authorities have indicted eight people, including six business journalists, for operating a coordinated stock manipulation scheme that generated more than 9 billion won in illicit profits over four years.
Three company directors have been charged with money laundering and misappropriation in a case involving millions of ringgit allegedly diverted from NGO funds at Shah Alam Sessions Court.
Malaysia's Royal Commission of Inquiry into Tabung Haji has pressed authorities to act decisively on multiple police reports spanning 2018-2019, involving allegations of financial impropriety, misrepresentation, and corruption affecting the Islamic pilgrimage fund.
A former unit trust consultant received an 18-month prison sentence and RM2 million fine for defrauding investors. The case highlights ongoing vulnerabilities in Malaysia's investment sector and regulatory oversight challenges.
Malaysia's anti-corruption agency is invoking international legal channels to examine investment decisions by the Retirement Fund Incorporated, seeking assistance from authorities in three major regional financial centres.
A former bank analyst has been convicted and sentenced to three years imprisonment by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and fraudulently using a Unit Trust Consultant title between 2011 and his prosecution in 2024.
Malaysian authorities have arrested a foreign national at Miri airport in Sarawak following a request from Brunei police. The suspect is linked to a sophisticated ATM skimming operation that compromised numerous bank accounts across the sultanate.
Argentina's AFA has dismissed reports that president Claudio Tapia and treasurer Pablo Toviggino were summoned by US courts, though acknowledging a third party received a subpoena related to the organization.
Malaysian police have dismantled a sophisticated online gambling syndicate generating RM27 million daily through World Cup betting. Coordinated raids across 19 Klang Valley locations resulted in 161 arrests, with the operation camouflaged as legitimate businesses including computer firms.
Malaysian police have dismantled an international fraud syndicate in Kuantan, arresting 16 people accused of orchestrating romance and investment scams targeting United States citizens. The operation marks a significant crackdown on transnational cybercrime.
Malaysia's anti-corruption watchdog has arrested a non-governmental organisation's secretary and treasurer in connection with an alleged RM5 million money-laundering operation, marking another major financial crimes investigation.
The Sessions Court in Kuala Lumpur will deliver its verdict tomorrow on three charges against Datin Seri Zizie Izette Abdul Samad related to a RM2.8 million corruption case involving alleged abetment.
The United States has returned more than USD1.37 billion in assets to Malaysia linked to the 1MDB scandal, according to the Minister in the Prime Minister's Department. Substantial additional funds remain frozen or subject to forfeiture proceedings globally.
A Singapore corporate services operator has been sentenced to 32 weeks' jail for fabricating financial statements and forging documents on behalf of shell companies linked to the city-state's largest money laundering case involving S$3 billion.
Police in Melaka have arrested 21 Chinese nationals suspected of orchestrating a sophisticated investment fraud operation. The bust highlights growing transnational cybercrime threats across Southeast Asia.
The Securities Commission has charged three brothers with conducting unlicensed securities dealing operations across Kuala Lumpur, Selangor, Putrajaya and Johor between March and October 2019. All three have claimed trial.
A former company director has been sentenced to five years imprisonment by the Kuala Lumpur Sessions Court for operating an unlicensed fund management business and laundering money, with six victims losing a combined RM1.263 million.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singapore businessman Chan Cheh Shin, finding he actively promoted investment fraud schemes at public seminars and roadshows across the region.
Indonesia has blocked 3.7 million websites and closed approximately 32,500 bank accounts suspected of facilitating online gambling since late 2024, marking an escalation in the government's comprehensive anti-gambling campaign.
A former civil servant has been arrested in Kuala Lumpur on suspicion of submitting falsified documents to fraudulently claim approximately RM300,000 in government financial assistance.
Two co-founders of Fullerton Healthcare Corporation in Singapore have been fined S$160,000 combined for falsifying entertainment claims exceeding S$211,000. The fraudulent scheme benefited a third party rather than the accused.
Singapore's police have joined a massive coordinated Interpol operation that arrested 5,811 people and seized US$293 million in illicit assets across 97 countries between January and April.
The Dutch central bank has penalised ABN AMRO Bank with an €8.5 million fine for serious gaps in its anti-money laundering safeguards between September 2023 and 2024, highlighting persistent compliance challenges in European banking.
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Malaysia's anti-corruption agency has initiated an inquiry into a US$13 million overseas property purchase reportedly financed through misappropriated 1MDB money, signalling continued scrutiny of the scandal's financial trails.
Malaysia's anti-corruption watchdog has frozen RM3.4 million held in company accounts linked to a suspected scheme involving forged documentation used to fraudulently obtain RM20 million in development financing.
Malaysia's Deputy Finance Minister Liew Chin Tong has flatly rejected allegations that fugitive businessman Jho Low secretly visited the country last year as part of a Chinese delegation to discuss a 1MDB settlement package.
Three individuals have been arrested in connection with an alleged RM20 million fraud involving the submission of forged documents to a financial institution to secure unauthorised loan funds.
The Malaysian Anti-Corruption Commission has arrested three people, including two directors from the rice sector, over a RM20 million fraud involving falsified trade financing documents.
PAS deputy president Datuk Seri Tuan Ibrahim Tuan Man has called for Jho Low to be extradited to Malaysia to face trial over the 1MDB scandal, asserting that the country has its own independent legal system regardless of US actions.
Prime Minister Anwar Ibrahim has reaffirmed Malaysia's commitment to pursuing fugitive financier Jho Low through legal channels, stating that any pardon from the United States would not alter the country's independent stance on the matter.
Prime Minister Anwar Ibrahim has declared that Malaysia will not alter its stance on fugitive businessman Jho Low if he receives a US presidential pardon, signalling the country's commitment to pursuing its own case independently.
A former kindergarten educator has entered a not guilty plea to three money laundering charges at Shah Alam Sessions Court, involving RM133,550 in cash and gold jewellery allegedly connected to illegal activities.
The owner of a popular Geylang porridge restaurant in Singapore has been charged with evading nearly S$3.8 million in taxes and laundering millions in cash and luxury assets including a Lamborghini.
The National Financial Crime Centre has clarified that Tan Sri Azam Baki's membership on its Advisory Board is based on his personal capacity and remains valid regardless of his position as MACC chief commissioner.
The Malaysian Anti-Corruption Commission plans to harness artificial intelligence and sophisticated data analytics to strengthen its enforcement capabilities against increasingly complex corruption offences across the country.
Opposition leader Hamzah Zainudin has called on the government to clarify its decision to appoint former MACC chief Azam Baki as an adviser to the National Anti-Financial Crime Centre, citing concerns over his ongoing investigations.
Malaysia's Federal Court has rejected the final legal bid by former Patimas director Ng Back Heang to challenge his conviction in a RM1.2 million insider trading case, closing the door on further appeals.
Opposition Leader Datuk Seri Hamzah Zainudin has questioned the government's decision to appoint former MACC chief Tan Sri Azam Baki as an adviser to the National Financial Crime Prevention Centre, citing past controversies.
The Singapore High Court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank to proceed to trial, rejecting the lender's attempt to have the case dismissed. The suit alleges the bank facilitated the 1MDB scandal through unauthorised transfers.
A 65-year-old former bank manager in Singapore will be charged for allegedly stealing nearly S$1.8 million from her employer's vault over 16 months, using funds for personal loans and gambling while falsifying records.
Malaysia has presented its experience recovering 1MDB-linked assets at an OECD anti-corruption meeting in Paris, positioning the country as a regional leader in tackling financial crime.
A self-exiled Chinese billionaire who fled to the US and positioned himself as a critic of Beijing has been sentenced to 30 years in prison for defrauding over 1,000 people worldwide of hundreds of millions of dollars through bogus investment schemes.
A former officer of Ikram has been charged with laundering RM18 million through the purchase of luxury vehicles including a Mercedes-Benz AMG S63 and Porsche 911 Turbo S using funds routed through company accounts.