Business News
Ex-1MDB Chairman Seeks to Share Liability with Former Directors and CFO
Irwan Serigar, ex-1mdb chair, seeks to share liability with ex-directors and CFO in 1MDB’s US$6.59 billion civil suit.
Category: Crime
Crime
RCI Tabung Haji Findings Raise Key Questions
The Royal Commission of Inquiry into Tabung Haji emphasizes governance issues, recommending reforms to enhance transparency and accountability.
Politics
Cabinet Declassifies Tabung Haji RCI Report, Orders Immediate Investigation
Cabinet declassifies Tabung Haji RCI report, orders immediate probe, pledges accountability, with debate to follow in special Dewan Rakyat session.
Crime
Ex-Unit Trust Consultant Jailed, Fined RM2m Over Investment Fraud
A unit trust consultant received 18 months jail for investment fraud, emphasizing financial market risks.
Politics
Calls Grow for Full Probe After Human Trafficking Raid in Penang
Bukit Mertajam MP Steven Sim calls for investigation into human trafficking following a police raid, highlighting organized crime concerns nationwide.
Bursa Malaysia
Bursa Malaysia Fines Directors RM2 Million Over Listing Breaches
Bursa Malaysia fined CFM and its eight directors RM2 million for listing breaches, underscoring stricter corporate governance enforcement and accountability.
Crime
Migrant workers sell the illegal cigarettes, but they don’t keep the cash—so who does?
Malaysia faces a structural economic problem with a 57% illicit cigarette market share, primarily driven by migrant workers and tax disparities.
Courts
Court Upholds Insider Trading Ruling Against Former WCT Deputy MD
The Court of Appeal upheld a judgment against a former executive for insider trading, enhancing regulatory credibility in Malaysia’s markets.
Corruption
SSM Deputy CEO Faces New RM13,000 Graft Charges
SSM deputy CEO charged with receiving RM13,000 from tech CEO; case transferred to KL court, April 20 mention date.
Crime
Black market curb critical to break Sarawak’s illicit tobacco addiction
Illegal cigarettes comprise 78.8% of Sarawak's market, raising concerns about public health and youth exposure, despite enforcement efforts.
Politics
Bestinet, Founder Sue Media Outlets for RM1 Billion Over Defamation
Bestinet and founder Aminul Islam sue 10 parties, including Bloomberg and Malaysiakini, seeking RM1 billion over alleged defamatory reports
Crime
Islamic Finance Figure Daud Bakar Charged Over Securities Offence
Prominent Islamic finance expert Daud Bakar charged with abetting unlicensed securities dealings; two businessmen also face similar accusations.
Indonesia
Red Notice for Indonesian Oil Tycoon in Massive $67 Billion Pertamina Corruption Scandal
Interpol red notice targets ‘gasoline godfather’ Mohammad Riza Chalid over Rp285 trillion Pertamina corruption and money laundering case.
United States
Trump Ushers in Era of Empires and Coercion, Shattering Post-War Global Order
Trump's actions are reshaping global dynamics, challenging post-WWII norms, with nations seeking U.S. support against emerging threats.
Crime
MACC Seizes RM2.2 Million Luxury Assets from Second Wife of Former Army Chief in East Coast Raid
MACC raids East Coast residence linked to former Army chief’s second wife, seizing RM2.2 million in Rolex watches and jewellery.
Artificial Intelligence
Global Fury Over Grok’s AI Deepfakes: Governments Probe Sexualized Images of Women and Minors on X
Malaysia, France, India investigate Grok for generating non-consensual sexualized images; X users divided on platform safeguards and regulation.