China has arrested the former Communist Party boss of Hangzhou city on suspicion of taking bribes, the latest development in a case that has been linked to Mr Jack Ma’s Ant Group. The decision to arrest
China is presenting a source of unease to ESG investors in the wake of Russia’s war in Ukraine. ESG investors are massively exposed to China, which presents a problem as they fail to fully condemn
China has been using prime-time television to expose bankers who have been involved in bribery, kickbacks, corruption and other financial crimes. The move has been part of a systematic investigation into 25 entities which has
ESG lenders from Hong Kong and China have been recording record profits on their sustainable loans despite most global lenders experiencing the opposite. It looks like this trends is set to continue with the two
Gaming giant, Tencent, has claimed to be taking significant action against corruption. The company stated that it fired 70 employees last year and terminated business relations with 13 partners over bribery violations. The company is
Indonesia’s government filed a lawsuit accusing its flag carrier of corruption, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process. The Attorney General will investigate the allegation submitted by State-Owned
Exchange traded funds focused on environmental, social and governance themes have garnered only about 4 per cent of total Asia Pacific ETF assets, but their market share is growing fast. Twenty-five ESG ETFs debuted in
Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) has arrested 233 Saudis and expats while 641 others are still under investigation over corruption charges, local media reported. Nazaha said the detainees were involved in administrative and
An Indonesian court has sentenced two former heads of state insurer Asabri to 20 years in jail for graft after blaming them for causing 22.7 trillion rupiah ($1.58 billion) of losses to the state, the
Former Prime Minister Najib Razak, who was convicted of corruption last year for his role in one of the world’s largest financial scandals, withdrew his request for a multimillion-dollar property from the Malaysian government after it
Some 250 Saudi government officials and employees have been arrested after being found guilty of bribery, abuse of power and forgery, Saudi media reported. According to the Oversight and Anti-Corruption Authority (Nazaha), the arrests follow 6,459
An Indian government agency has summoned Amazon.com top management in the country along with officials from Future Coupons Pvt Ltd. to query them about a botched deal, The Economic Times newspaper reported. The Enforcement Directorate — the agency that investigates
