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Hui Ka Yan, founder of debt-laden Evergrande Group, has been sentenced to life in prison after pleading guilty to eight charges including fraud and bribery. The conviction marks a dramatic fall for Asia's former richest man and underscores China's property sector turmoil.
A 29-year-old Singapore Armed Forces medic has been sentenced to seven years in prison after defrauding his adoptive father and others of nearly S$1.9 million to support a severe gambling addiction. He obtained funds through unauthorized loans, credit card applications, and CPF account transfers.
Religious Affairs Minister Dr Zulkifli Hasan has laid bare how Tabung Haji manipulated its financial statements before 2018, paying dividends while technically insolvent and forcing a RM10 billion government rescue.
Malaysia's High Court is examining allegations that former Prime Minister Najib Razak orchestrated a US$5.64 billion fraud through 1MDB, with prosecutors claiming systematic betrayal of public trust and misappropriation of state funds.
Prime Minister Anwar Ibrahim has pointed to the eFishery scandal as evidence that audit firms cannot be wholly trusted, after three major auditors cleared a RM163.4 million investment that masked fraudulent operations.