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KPMG Australia has sanctioned seven employees with financial penalties reaching A$180,000 (US$126,000) following an internal investigation into misconduct involving the misuse of confidential client information for audit contracts.
Johor's regent has pledged strict enforcement against Network School in Forest City, threatening licence revocation if investigations uncover breaches of law or regulatory conditions.
Malaysia's Court of Appeal has unanimously upheld a RM5.83 million insider trading judgment against former WCT Bhd deputy managing director Goh Chin Liong and Ara Holdings director Leong Ah Chai, reinforcing regulatory enforcement in the capital market.
A 47-year-old Singapore director sentenced in June for S$58,000 in bribes now faces more than 100 additional charges linked to an alleged S$50 million fraudulent investment scheme involving forged documents and unlicensed securities offerings.
KPMG Australia's chairman Martin Sheppard and two senior audit partners have resigned following a major scandal involving alleged misuse of confidential client information to win audit contracts.
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The Malaysian Competition Commission has launched a formal investigation into six firms suspected of colluding in a RM5.7 million tender for the Agency for Alcohol and Drug Abuse, marking a significant enforcement action in Malaysia's competition landscape.