Business, markets and economy news from Malaysia.
A former officer at Ikram has been charged with laundering RM18 million, allegedly using illicit funds to purchase high-end vehicles including a Mercedes-Benz AMG S63 and Porsche 911 Turbo S through company accounts.
Thailand has issued an arrest warrant for Wang Yicheng, a Chinese businessman implicated in a major cryptocurrency fraud network that laundered proceeds from transnational scams and online gambling through illegal mining operations.
Nepal arrested former Finance Minister Bishnu Prasad Paudel on money laundering charges as the country's Gen Z-backed government accelerates its campaign against alleged wrongdoing by prior regimes.
Indonesia's parliament has passed legislation granting extensive legal immunity to buyers of Danantara sovereign wealth fund bonds, prompting financial crime experts to warn the protections could enable money laundering and tax evasion on a significant scale.
The High Court has rescheduled the appeal hearing of Otman Arshad, a former Youth and Sports Ministry senior officer convicted of 32 abuse of power charges and 64 money laundering offences, to September. The judge cautioned against additional delays.
Former Felda chairman Mohd Isa Abdul Samad's conviction review and proceedings involving ex-army chief Muhammad Hafizuddeain Jantan are among major cases before Malaysian courts this week.