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[179] [180] [181] The Australian High Court has ordered five investment schemes run by Avestra to close down after discovering undisclosed related-party transactions, with 13 potential breaches of corporate law and failure to invest according to the fund's individual mandates.
A review of related-party transactions for the 2012–2013 academic year identified 1,350 related party transactions involving 976 trusts. The vast majority of these were compliant with relevant guidance protecting public funds (the Academies Accounts Direction), [7] but transactions at 17 trusts were found to be irregular or improper. [8]
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
The IWH-CREC Consortium has valued 100 percent of Bandar Malaysia's land at RM12.35 billion where the value of 60% of the land is RM7.41 billion. This transaction is expected to be completed by June 2016. [3]
Shareholders also wanted the audit to ensure the board was executing its fiduciary duty and acted in the company's best interest given concerns of related party transactions involving the CEO and a related company, although the board explained the monies involved were interest-free advances given to Bright Packaging by its major shareholders ...
Maika Holdings is an investment company founded in 1983 by the Malaysian Indian Congress (MIC) political party. The company was meant to be a vehicle for members and poor Indians in Malaysia to invest into to increase their share of corporate wealth and help lift the community out of poverty.
The Malaysian Anti-Corruption Commission (Malay: Suruhanjaya Pencegahan Rasuah Malaysia; Jawi: سوروهنجاي ڤنچڬاهن رسواه مليسيا ), abbreviated MACC or SPRM, (formerly known as Anti-Corruption Agency, ACA or Badan Pencegah Rasuah, BPR) is a government agency in Malaysia that investigates and prosecutes corruption in the public and private sectors.
A central clearing counterparty (CCP), also referred to as a central counterparty, is a financial market infrastructure organization that takes on counterparty credit risk between parties to a transaction and provides clearing and settlement services for trades in foreign exchange, securities, options, and derivative contracts. CCPs are highly ...