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SEOUL: The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was jailed for five years for bribery on Friday after a six-month trial over a scandal that brought down the president.
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: Supermax Corp Bhd executive director Datin Seri Cheryl Tan has vacated her office after she was fined RM7mil and sentenced to a five-year jail term for insider trading offences.
NEW YORK: Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to only two years in prison, a much lighter sentence than U.S. prosecutors had demanded, even though the federal judge who imposed it on Wednesday called his insider trading crimes disgusting and a terrible breach of trust.
MACAU: Three murders, hammer-wielding heavies, and a high-profile police swoop have raised concerns that Macau, the world's casino capital, may be backsliding to the bad old days of the late-1990s. And that's even before ex-triad boss Broken Tooth ends a 15-year jail sentence in December.
KUALA LUMPUR: The law on digital currencies and digital tokens will come into effect on Tuesday and any person operating unauthorised initial coin offerings (ICOs) or digital asset exchange faces a 10-year jail and RM10mil fine.
PETALING JAYA: A new benchmark may have been set for stock market manipulators as offenders caught could end up serving longer jail sentences. In the latest case that had gone to court, several directors of Suremax Group Bhd had been found guilty of manipulating the company's shares and will now face substantial jail sentences.