Independent Malaysian news, politics and national affairs.
Fashion retailer Padini Holdings announced that the MACC has unfrozen all its previously frozen bank accounts. The company maintains no wrongdoing occurred and emphasizes its commitment to corporate governance standards.
The government takes seriously allegations of 'corporate mafia' activities and will allow ongoing investigations to proceed independently and transparently, says Minister Azalina Othman Said, signalling openness to a Royal Commission if circumstances demand it.
The Malaysian Anti-Corruption Commission has restored access to all previously frozen bank accounts of fashion retailer Padini Holdings and its subsidiaries, concluding an investigation that began in April without filing charges against the company or its staff.
Australia's corporate regulator ASIC has begun reviewing audit conduct complaints across the Big Four accounting firms following a formal investigation into KPMG over allegations of misusing client confidential information to secure contracts.
KPMG Australia's chairman and multiple partners are stepping down as part of a sweeping leadership restructuring triggered by serious allegations that the firm improperly leveraged confidential client information to win new business contracts.
KPMG Australia's chairman Martin Sheppard and two senior audit partners have resigned following a major scandal involving alleged misuse of confidential client information to win audit contracts.
KPMG Australia's chair and multiple partners are stepping down as part of a sweeping organisational restructuring triggered by whistleblower claims that the firm improperly leveraged confidential client data.
A Detroit pension fund has filed suit against Uber's board, alleging directors ignored warnings about sexual abuse by drivers and other compliance lapses, resulting in thousands of lawsuits and regulatory action.
GIIB Holdings Bhd has reinstated its founder Tai Boon Wee to the position of non-executive chairman, marking his return to leadership following clearance from the Malaysian Anti-Corruption Commission.
South Korean police have questioned a Shinsegae Group executive following a damaging Starbucks promotional campaign that coincided with the 46th anniversary of the 1980 Gwangju uprising, sparking national outrage and legal complaints.
The chief executive of Malaysia Stadium Corporation has denied seven charges of soliciting and accepting bribes totalling over RM1 million in connection with a tender for the National Squash Centre upgrade.
KPMG Australia will suspend bidding for new government contracts until September 30 following serious allegations that it misused confidential client information, the federal finance department has confirmed.
The Kuala Lumpur High Court has scheduled a 20-day corruption trial involving Hydroshoppe and its director to commence on January 4, marking a significant development in the case.