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PETALING JAYA: The Kuala Lumpur Sessions Court has sentenced a former executive deputy chairman of a public-listed company to a five-year jail term and a fine of RM9mil for insider trading offences, after a full trial with 24 witnesses having testified for both the prosecution and defence.
KUALA LUMPUR: A former executive with Malaysian Merchant Marine Bhd (MMM) was sentenced to five years’ jail and fined RM9mil for insider trading in the shares of the now-delisted marine company.
NEW YORK CITY: Raj Rajaratnam (pic), the mastermind of what prosecutors said was one of the largest hedge-fund insider- trading rings in US history, is out of prison – almost two years early.
COLOMBO (Reuters) - Sri Lanka will ask Singapore to extradite former central bank governor Arjuna Mahendran in connection with an insider trading investigation, a Foreign Ministry official said on Tuesday.
RIO DE JANEIRO (Reuters) - A Brazilian appeals court judge ordered on Saturday the release of Eike Batista, the mining and oil magnate who was once Brazil's richest man, revoking a temporary prison order that would expire on Monday.
RIO DE JANEIRO (Reuters) - Police in Brazil on Thursday arrested Eike Batista, the charismatic mining and oil magnate who was once the country's richest man, on suspicion of money laundering and insider trading.
CORPORATE corruption is found in almost all countries.
Tokyo: Nomura Holdings Inc’s top executive was reappointed to the board with the narrowest margin of his reign, raising the stakes for him to succeed with his plan to turn around Japan’s biggest brokerage.
MUCH is known in the corporate world today on governance issues as rules, regulations and laws have been introduced to ensure corporates do not misbehave when it comes to managing the business affairs of the company.
NOMURA Holdings Inc’s chief executive officer will take a pay cut to assume responsibility for improper handling of stock market information by employees, the latest setback for the struggling Japanese securities firm.