(Reuters) – The Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn triggered by the coronavirus pandemic, CNN reported on Sunday, citing two people familiar with the matter. The inquiry is still in its early stages and being done in coordination with the U.S. […]
KUALA LUMPUR (Reuters) – Malaysian long-haul budget airline AirAsia X <AIRX.KL> has formed a board committee to review corruption allegations by Britain’s Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday. The AirAsia X committee will comprise non-executive members of the board excluding Kamarudin Meranun and Tony Fernandes, who are co-founders of its […]
HONG KONG (REUTERS) – A government body has taken over China Evergrande Group’s soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities. Evergrande, which has been struggling to meet repayments on over US$300 billion (S$410 billion) in […]
