All posts tagged "misappropriation"
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223EnforcementNissan Seeks Damages from Former Chairman Carlos Ghosn
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
February 14, 2020 -
471EnforcementMAS Bars Four Individuals for Fraudulent, Dishonest Conduct
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
October 14, 2019 -
513Capital RegulationCBIRC Identifies Numerous Violations at Small and Mid-sized Banks
“In response ... all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.
September 3, 2019 -
388Australia & NZUnauthorised New Zealand Adviser Faces Lengthy Jail Term
A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.
August 20, 2019 -
594Capital RegulationAllahabad Bank Reports $258mn Fraud by Indian Steelmaker
Following a similar report from Punjab National Bank earlier this month, Allahabad Bank has reported a $258mn fraud at Bhushan Power & Steel.
July 17, 2019 -
458Asia-PacificFormer Bangladesh Bank Official Jailed for Graft
A former Bangladesh Bank assistant director was fined and sentenced to 10 years in jail for misappropriating $61,700 more than 20 years ago.
February 19, 2019 -
1.0KEnforcementTaipei Fubon Bank Fined as Two Officers Misappropriate Client Funds
The FSC has fined the bank $129,000 for internal control failures that allowed two of its officers to misappropriate client funds, and ordered it to dismiss the officers responsible.
October 30, 2018 -
489EnforcementMAS Bars Former UOB Officer for 12 Years
The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.
August 31, 2018
