Tag: financial misconduct
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Malaysia eyes $7B asset recovery from banks and law firms tied to 1MDB
Malaysia targets $7B in asset recovery from international institutions The Malaysian government has escalated its drive to recover assets linked to the 1Malaysia Development Bhd (1MDB) scandal, with a focus on international banks and law firms believed to have facilitated or benefited from transactions tied to the state-backed fund. As the country grapples with a…
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Al-Falah University Scam: How Rs 415 Crore Was Allegedly Diverted to Family-Owned Firms
Overview: A High-Profile Financial Scandal at Al-Falah University The Enforcement Directorate (ED) has brought to light a large-scale financial scam involving Al-Falah University, alleging that crores were diverted from the institution’s finances and siphoned off to family-linked companies. The arrest of Jawad Siddiqui, the chairman of the Al-Falah group, has intensified scrutiny on governance, transparency,…