Region: Asia-Pacific

BIS will push agents to pursue “bigger” enforcement cases

The head of the US civil export controls enforcer said the agency will start using a new internal grading system that rewards investigators who pursue cases with important implications for national security.

12 October 2023

Bernie Ecclestone admits fraud, pays £652 million

The former owner of the Formula 1 franchise Bernie Ecclestone has pleaded guilty to fraud for concealing £416 million he held through a trust in Singapore from the UK tax agency.

12 October 2023

Goldman Sachs launches arbitration against Malaysia over 1MDB resolution

12 October 2023

Alameda Research allegedly bribed Chinese officials more than $100 million

The sister hedge fund of defunct cryptocurrency exchange FTX allegedly paid Chinese officials at least $100 million to unlock some $1 billion held in China-based crypto exchanges, the fund’s former CEO testified.

11 October 2023

Billionaire faced “intrusive” bail conditions during UK extradition proceedings

A UK lawyer has claimed that a London court imposed stringent and novel bail restrictions on Chinese businessman Zhang Li ahead of his extradition to the US because the judge was “blinded” by his wealth.

11 October 2023

UK judge rules ENRC cannot see full SFO report on alleged media leaks

09 October 2023

Ex-Cognizant execs’ bribery trial pushed to February as judge retires

US District Judge Kevin McNulty tentatively pushed the trial of former Cognizant executives Gordon Coburn and Steven Schwartz back to 20 February and said it would be re-assigned to a different judge.

06 October 2023

Roger Ng to return to Malaysia

The former Goldman Sachs banker who is set to serve 10 years for his role in the globe-spanning looting of a Malaysian development fund will stand trial in his home country before serving his sentence in the US.

06 October 2023

Stanford University fined for undisclosed overseas funding

Stanford University has agreed to pay $1.9 million for allegedly failing to disclose its professors’ links to “foreign sources” while applying for research funding from various US government agencies.

03 October 2023

Trio of US regulators fine Korean bank for anti-money laundering breaches

02 October 2023

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