Tag: misappropriation
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Liquidators Pursue Obelisk Industrial Director Over $9 Million Shortfall in Northland
Overview The liquidators for Northland engineering firm Obelisk Industrial have initiated efforts to recover a $9 million shortfall allegedly tied to misappropriation by the company’s director. While the investigation continues, the liquidators say they have served demand letters on the director, Kara Culham, signaling their intent to pursue all available legal remedies to recover funds…
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Liquidators Pursue Culham: Obelisk Industrial in Northland Faces $9m Shortfall Fight
Summary of the Case Liquidators of the Northland engineering firm Obelisk Industrial are pursuing actions against the company’s director, Kara Culham, over a reported $9 million shortfall. The development marks a critical phase in the firm’s insolvency proceedings, as the liquidators press for recovery of funds alleged to have been misappropriated while navigating the complexities…
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Singapore PA Admits Pocketing Over $1.8 Million in Forgery Scheme
Overview In Singapore, a personal assistant to the director of a hire-purchase company has admitted to misappropriating more than $1.8 million over nearly seven years, from June 2010 to April 2017. Judy Teh Mui Eng, 60, pleaded guilty on January 12 to multiple counts of forgery and related offenses. The case highlights how trusted roles…
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KNAB Uncovers Misappropriation in LDz Rolling Stock Subsidiary: Officials Suspected
Overview of the Case The Corruption Prevention and Combating Bureau (KNAB) has moved swiftly in a case involving LDz Rolling Stock, a subsidiary of the state-owned railway company. In an expedited procedure, KNAB has proposed that the Prosecution Office for Investigation of Offences in State Institutions initiate criminal proceedings against two LDz Rolling Stock officials.…