Padini Shares Surge on MACC Account Freeze Resolution
Padini Holdings shares climbed nearly 13% after Malaysia's anti-corruption watchdog unfroze the garment retailer's bank accounts, with no arrests or legal proceedings announced.
#corporate-governance
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Petronas-Petros Merger Talks at Risk After Alleged Information Breach, Court Hears
A confidential information leak threatens to derail negotiations between Petronas and Petros, Malaysia's state-owned oil companies, according to testimony presented to the court this week.
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Petronas Manager's Alleged Leak of Confidential Report Risks Derailing Petros Negotiations, Court Hears
A former Petronas manager stands accused of leaking confidential documents to Petros, threatening to undermine sensitive negotiations between Malaysia's two state petroleum entities and raising questions about corporate governance.
Federal Court Upholds Isa Samad's Conviction; Former Felda Chief to Serve Sentence
The Federal Court has rejected Datuk Seri Mohd Isa Abdul Samad's application to review its decision upholding his corruption conviction. The former Felda chairman faces imprisonment over misconduct involving RM3.09 million related to a hotel acquisition.
KPMG Australia Leadership Exits as Firm Undertakes Major Overhaul Following Confidentiality Breach
KPMG Australia's chairman and multiple partners are departing the firm as part of a comprehensive restructuring prompted by whistleblower complaints alleging misuse of client confidential data to gain competitive advantage.
Adani's Legal Team Seeks Full Dismissal of US Criminal Charges Following Government Retreat
Gautam Adani's legal representatives have formally requested the dismissal of all criminal charges in the United States following the Justice Department's decision to cease prosecution. The move signals the end of a high-profile case against the Indian industrialist.
KPMG Australia's Chairman and Two Partners Resign Over Audit Scandal
KPMG Australia's chairman and two senior audit partners have resigned following allegations the firm improperly used confidential client information to secure audit contracts, marking further management upheaval at the professional services giant.
KPMG Australia Leadership Overhaul as Partners Exit Following Ethics Scandal
KPMG Australia is undergoing sweeping leadership changes with its chair and multiple partners departing following serious allegations that the firm improperly accessed confidential client data to gain competitive advantage.
Uber's Board Faces Shareholder Lawsuit Over Persistent Compliance Lapses and Sexual Abuse Claims
Shareholders have filed a derivative lawsuit against Uber's board, claiming directors ignored warnings about driver sexual misconduct and compliance breaches affecting thousands of victims across the platform.
GIIB Holdings founder Tai Boon Wee returns as non-executive chairman following MACC clearance
GIIB Holdings Bhd has brought back its founder Tai Boon Wee as non-executive chairman, marking his return to the company after receiving clearance from Malaysia's anti-corruption body.
Over 1,600 Companies Under Investigation in Daya Kerjaya Fraud Scandal
The Malaysian Anti-Corruption Commission has placed more than 1,600 companies under scrutiny as part of its expanding investigation into the Daya Kerjaya employment scheme fraud, signalling the widening scope of one of Malaysia's most significant corporate misconduct cases.
ASX Admits Misleading Statements on Failed CHESS Upgrade, Faces A$20.5 Million Penalty
Australia's ASX has acknowledged making misleading public statements about a major software upgrade and agreed to pay A$20.5 million in penalties, marking a significant regulatory settlement with implications for corporate governance standards.