All posts tagged "misappropriation"
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187EnforcementHK Police Arrest Two in Corporate Fraud Case
The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.
August 30, 2021 -
155AML / KYCUS DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia
The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.
August 8, 2021 -
191AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
208ChinaEx-Shanghai Clearing House Chief Expelled from CCP for Corruption
Xu Zhen has been expelled from the CCP for borrowing large sums of money using the SCH’s management services and accepting bribes.
June 30, 2021 -
132ChinaCBIRC Bans Ex-President of Sichuan Trust for 8 Years
Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021 -
153EnforcementKorea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021 -
126ChinaChinese Police Detain Sichuan Trust Boss Over Missing Funds
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021 -
225AML / KYCTaiwan FSC Fines HK Company for Faulty Beneficiary Disclosure
HK-based Capital Target Ltd was unable to verify the source of funds used to buy a 24% stake in Korean conglomerate Jih Sun Financial Holding in 2009.
May 28, 2021 -
173Australia & NZUPDATE: Former Adviser Jailed for Six Years in Australia
Former adviser Ross Andrew Hopkins misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 2021 -
205IndiaSEBI Consults on Measures to Protect Client Collateral
The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.
May 18, 2021
