All posts tagged "Embezzlement"
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304ChinaBank of Communications Manager Gets Nine Years Jail for Bribery
The former manager accepted more than 10 million yuan in bribes and embezzled a further 820,000 yuan, representing illegal gains from organising employee competitions and events.
March 12, 2020 -
242ChinaCSRC Imposes Lifetime Bans on Former Fuxing Group Executives
Fuxing's former chairman and ex-president received lifetime bans for running a six-year scheme to defraud investors of $5.3bn. Five others received market bans.
January 14, 2020 -
428ChinaFormer Hengfeng Bank Chairman Receives Death Sentence
A two-year reprieve means the sentence will likely be commuted to life imprisonment for the 70-year old former chairman, after he was convicted for bribery, corruption and embezzlement.
December 30, 2019 -
518ChinaChina P2P Lenders Ordered to Share Data with Credit Bureaus
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
September 6, 2019 -
680AML / KYCInvestors Accuse BSEC Chairman of Embezzlement, Money Laundering
The chairman of Bangladesh’s securities regulator is alleged to have approved IPOs for companies that falsified their financial statements to show higher profitability.
August 24, 2019 -
319ChinaAnother Former Huarong Executive Charged with Corruption
The former chairman of Huarong Investment Stock Corp, Qin Ling, stands accused of using his position to seek benefits for others, accepting bribes, and embezzlement.
August 12, 2019 -
687China
Chinese Payments Provider Caught Embezzling Funds – Report
China-based UCF Pay, a subsidiary of Hong Kong-listed Chong Sing Holdings, reportedly used client funds for other purposes, causing a shortfall of ¥240mn.
July 10, 2019 -
925AML / KYCGoldman Banker Tim Leissner Banned for Life in Hong Kong
Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.
July 4, 2019 -
681Capital Regulation
National Auditor Finds Lending Violations at Chinese Banks
Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.
June 28, 2019 -
671AML / KYCGoldman’s Compensation Offer for 1MDB Losses ‘Not Adequate’
Prime Minister Mahathir Mohamad says Goldman's $240mn offer to compensate Malaysia for the bank's role in the 1MDB scandal is not adequate.
June 25, 2019
