The Business Times

Fraud

Companies & Markets

Fraud and scam claims against digital banks in Singapore on the rise

The strike force will target US-based infrastructure that facilitates the scams, including Internet service provider and social media accounts used by scammers, according to the US Justice Department.
ASEAN Business

US ‘Strike Force’ to combat scam centres in South-east Asia

Su Binghai had purchased nine luxury central London apartments for $27 million just one week after he fled Singapore.
Singapore

S$3 billion money laundering case: Two suspects on the run spent S$70 million on UK properties

First Brands has struggled to overcome objections from creditors who accuse the firm of stripping them of their collateral rights in inventory and equipment without compensation, as the bankruptcy code typically requires. 
Transport & Logistics

First Brands says it needs US$600 million or ‘it’s game over’

At the IPS-Nathan Lecture on Nov 3, 2025, Piyush Gupta argued that the shift to a digital economy necessitates a reconfiguration of the current framework, processes and mindset. The structural shift will involve the entire ecosystem. PHOTO: IPS
Opinion & Features

Scams, exclusion: Piyush Gupta on risks of digital finance

First Brands' products displayed for sale in Massachusetts, US. Bankruptcy lawyers accuse its founder Patrick James of misappropriating millions, if not billions, of dollars.
Global Enterprise

17 exotic cars, US$500,000 private chef: First Brands’ Malaysian-born founder accused of looting US$700 million

The suspicion of streaming fraud has beset services like Spotify since they displaced downloads as the main way music is consumed.
Telcos, Media & Tech

New lawsuit alleges Spotify allows streaming fraud

Anil Ambani has business interests ranging from power to defence but has seen his fortunes wane over the last two decades.
Banking & Finance

India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe

Kwon had made payments totalling S$19.4 million to the vendor before he ultimately decided not to go ahead with the purchase of the unit at the Sculptura Ardmore condominium in Ardmore Park.
International

Do Kwon appealing against dismissal of S$18.4 million claim over aborted purchase of Ardmore penthouse

This is Singapore’s first conviction for fraudulent conduct related to over-the-counter bond trading.
Singapore

High Court dismisses One Asia Investment Partners ex-director’s appeal over US$324,500 securities fraud

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