Major Asian Investment Firms Caught by Fraud

Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Four law firms involved in Singapore's S$3 billion money laundering case have been named for breaching anti-money laundering obligations. Investigations by the Ministry of Law revealed that firms like Anthony Law Corporation failed to conduct necessary scrutiny on property transactions linked to the laundering...

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: The Ministry of Manpower reported that the employer in the Sumo Salad work injury case was reimbursed for medical bills on Jun 26-27, 2025, amid ongoing investigations into a potential fraudulent claim linked to the death of the eatery's owner, Ms Jane Lee. While...

Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Former Nee Soon Member of Parliament Louis Ng has joined the National University of Singapore’s (NUS) NUS College (NUSC) as an Associate Professor, and will be in a teaching role.In an email from NUSC seen by CNA, it was announced that Mr Ng will be...

SINGAPORE: Tanjong Katong Road South will gradually reopen starting August 2 after repairs following a sinkhole incident caused by a failed concrete component near a construction site. The Land Transport Authority and PUB confirmed safety through rigorous assessments, while ongoing works will continue in the area to restore utilities. Want More Context? 🔎

Four men, including former director Samuel Sim Choon Hock, were charged for cheating and falsifying accounts to fraudulently obtain government grants under Workforce Singapore's Professional Conversion Programmes. Their actions resulted in the disbursement of over S$89,000 in salary support and course fee subsidies by misrepresenting salaries and employment statuses between 2018 and 2019. Want More Context? 🔎