Corporate investigations
Malaysia’s 1MDB files legal claim against Amicorp Group seeking over $1 billion for alleged fraud
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Scandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the […]
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Christian Horner, Red Bull's F1 staff principal, less than investigation by firm
Christian Horner in advance of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates on November 26, 2023. Nurphoto | Nurphoto | Getty Visuals Red Bull has commissioned an investigation into Christian Horner, the team principal of its extremely effective Formula 1 racing crew. In a statement […]
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Japan's key minister seems to be to 'restore have faith in' amid fundraising scandal
Japanese Key Minister Fumio Kishida speaks at the UNFCCC COP28 Local weather Meeting at Expo City Dubai on December 1, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images Information | Getty Images Japan’s Key Minister Fumio Kishida said on Monday he would acquire steps to restore believe in in his government amid a fundraising scandal, but […]
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Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes
Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing giant Didi surged more than 50% in pre-market trade in the U.S. on Monday after the Wall Street Journal reported that regulators are concluding investigations into the company. The WSJ report said authorities would lift a ban on Didi adding new users as early […]
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Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO
Didi said in its annual report that it’s being investigated by the U.S. Securities and Exchange Commission. The SEC opened the probe after Didi’s U.S. IPO last year. Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the […]
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