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Rey Grabato II, an Iloilo businessman added to the FBI's Most Wanted Fraudsters list for securities and tax fraud, is in the Philippines recovering from a severe stroke, his family confirmed Friday.
Malaysia's Court of Appeal has upheld a RM169.2mil asset freeze against businessman Ricky Wong and associates in a securities fraud case brought by the Securities Commission. Wong remains a fugitive facing criminal charges.
Malaysia's Securities Commission has charged three brothers at separate Kuala Lumpur courts for conducting unlicensed securities dealing operations across multiple states, with potential penalties reaching RM10 million or decade-long imprisonment.
The founder of Abu Dhabi-based AppliedAI has admitted guilt in a sprawling insider trading operation involving lawyers at prestigious US law firms who leaked confidential merger information.