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SEOUL: Samsung Electronics Co Ltd named a new generation of leaders at its three main businesses on Tuesday as it seeks to steady the ship following the arrest of group scion Jay Y. Lee earlier this year on charges including bribery.
JAKARTA: In the Dutch language, gijzeling means to take someone hostage. In Indonesia, that’s how authorities describe their strategy to deal with tax dodgers, throwing dozens of people in jail as part of a national crackdown.
KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim has been sentenced to a five-year jail term and fined RM5mil for insider trading.
KUALA LUMPUR: Koperasi Dinar Dirham Bhd’s premises were raided on Tuesday under a joint raiding operation by Bank Negara, the police, the National Revenue Recovery Enforcement Team of the Attorney-General’s Chamber, Malaysia Co-Operative Societies Commission and Cyber Security Malaysia.
DETROIT: A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined $400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $30 billion.
SINGAPORE: Singapore's central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia's 1MDB fund, from managing financial services firms and advisory activities.
ISTANBUL: Ratings agency Moody's cut Turkey's sovereign rating further into junk territory overnight, citing a continued weakening of its economic and political institutions and the increased risks from its wide current account deficit.
THE delegation of hundreds of Saudis that’s descended on the United States for three weeks will meet executives from Amazon, Apple, Google, Pfizer and other companies as they hunt for foreign investment.