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Sri Lanka's police have arrested 1,093 foreign nationals in cybercrime and financial fraud operations during 2026, reflecting a dramatic surge in organized online scam networks targeting victims across the region.
Religious Affairs Minister Dr Zulkifli Hasan has exposed how Tabung Haji manipulated financial statements before 2018, artificially inflating asset values to justify high dividend payouts while the fund faced mounting deficits, ultimately forcing a RM10 billion government rescue.
Malaysia's 1MDB state investment fund has commenced a civil lawsuit against former Prime Minister Najib Razak, alleging he orchestrated fraudulent dealings that drained RM51.4 billion from the sovereign wealth vehicle with assistance from fugitive financier Jho Low.
Malaysia's High Court is hearing evidence that 1MDB and its four subsidiaries were allegedly used to perpetrate a massive US$5.64 billion fraud, with prosecutors arguing the scheme constituted a betrayal of public trust during Najib Razak's tenure.
A New York court has rejected Zelle's attempt to dismiss a lawsuit from the state's attorney general alleging the electronic payment platform prioritised growth over consumer safety, enabling fraudsters to steal over $1 billion.
Prime Minister Anwar Ibrahim has disclosed that the government's Retirement Fund (Incorporated) was deceived into investing RM200 million in eFishery, despite completing proper due diligence procedures, raising fresh concerns about investment governance.
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Malaysia's anti-corruption watchdog has initiated a formal investigation into a US$13 million overseas property acquisition allegedly funded through 1MDB, the controversial sovereign wealth fund at the centre of a major financial scandal.
Singapore's High Court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank to advance to trial, rejecting the bank's attempt to dismiss the case filed by liquidators of former 1MDB subsidiaries.