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A former investment bank chief executive has pleaded not guilty to charges of fraudulently obtaining RM139.8 million destined for a private university management company. The case raises fresh concerns about governance and accountability in Malaysia's financial sector.
A dozen individuals, ranging from company proprietors to family members, have been arraigned across three Malaysian states for allegedly filing fraudulent incentive claims under PERKESO's Daya Kerjaya 2.0 Programme, a jobs creation initiative.
A former Kuala Lumpur Kepong Berhad employee entered a not guilty plea in Ipoh Magistrate's Court to accusations of concealing crude palm oil inventory records during 2024, maintaining denial of the deception charges.