corruption probe

Graft saga brings spotlight on Ong Beng Seng’s business empire. The tycoon has said he’s cooperating with the authorities.

Former transport minister Iswaran has rejected all 27 charges brought against him.

Iswarn is the first key minister to get embroiled in a graft probe since 1986.

A Singapore money laundering probe involving more than $1 billion is shining a light on fund flows from abroad.

Investigations are still at an early stage, according to public prosecutors at a court hearing on Wednesday.

Anyone found to be guilty of corruption can be fined up to $100,000, jailed up to five years, or both.

In a statement on July 24, Tiong Seng Holdings says Pek and Pay are currently on bail, and have both denied the alleged offences.

Once seen as one of China’s brightest growth stories and the homegrown answer to Starbucks Corp., Luckin’s disclosure in early April that senior executives may have fabricated $310 million of sales has plunged the company into crisis.

It was said that Ivar Krueger burned through — in today’s money — US$1.5 billion ($2.14 billion) of financier’s funds.

Accrelist investigated for alleged corruption over giving hef-tea angpow to customer