Singaporean company Fullerton Healthcare faced charges of graft and corruption in bribes by co-founders, but one of them, David Sin, was granted permission to leave the country.
Legal & Regulatory
US Returns Additional $156 Million to Malaysia From Stolen 1MDB State Fund
The United States (US) has returned $156 million to Malaysia, which was recovered from assets seized in investigations into a global corruption scheme involving the 1Malaysia Development Berhad (1MDB) state fund.
G7 Agrees to Give Ukraine $50 Billion Loan Amid War vs. Russia
The leaders of the Group of Seven, the world’s wealthiest nations, have agreed to create a $50 billion loan to help Ukraine in its fight to survive Russia’s onslaught, with interest earned on profits from Russia’s frozen central bank assets used as collateral.
Apple Faces New Lawsuit That Claims of Underpaying Female Workers in California
Apple is facing a proposed class action lawsuit alleging it systematically underpaid over 12,000 female employees in California.
Christy Goldsmith Romero To Be Nominated as FDIC Chair Following Martin Gruenberg’s Exit
President Joe Biden will reportedly suggest Christy Goldsmith Romero to replace Martin Gruenberg as the head of FDIC.
Latest News
Disney has agreed to invest $17 billion in its Florida resort over the next decade or two under a new deal with a DeSantis-backed board, concluding a lengthy legal dispute.
According to its parent company Corus Entertainment, Global News laid off over 24 employees in Alberta, British Columbia, and Ontario due to economic pressures and regulatory challenges.
Thieves in Seattle swiftly target an electric vehicle charging station, snatching copper charging cables as part of a nationwide trend of cable thefts, prompting concerns over security.
Terraform Labs agrees to a $4.47 billion settlement with the SEC for investor asset loss, with co-founder Do Kwon also facing penalties and restrictions following determinations of fraud, impacting the cryptocurrency industry.
Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.
Two Russian-born American citizens were arrested for attempting to illegally export $500,000 worth of snowmachines from the US to Russia via China.
The Korean Fair Trade Commission launches an on-site probe into Kakao Entertainment amid allegations of biased music distribution fees, following claims from industry insiders and K-pop agencies about preferential treatment towards subsidiary labels.
Michigan discontinues coverage for Novo Nordisk and Eli Lilly's weight-loss drugs, impacting thousands, citing cost-effectiveness concerns.
The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
