00:00The U.S. has charged three senior employees of Telekom Malaysia with misappropriating more than US$20 million from the
00:08state telecommunications firm, the U.S. Department of Justice said today.
00:13According to Reuters, Hafiz Luqman, Yuzaymi Yusof, and Kan Tuong Nian, who were senior executives at TM's U.S. subsidiary,
00:22are accused of using false statements and forged records to siphon funds from the company and deceive counterparties, suppliers, auditors,
00:31and supervisors in the U.S. between July 2020 and February 2026, authorities said.
00:37In a statement, FBI Assistant Director in Charge James C. Barnacle Jr. said the three individuals are alleged to have
00:46carried out a deliberate and calculated embezzlement scheme, falsifying corporate records for their own financial gain.
00:53Hafiz was arrested at San Francisco International Airport while the other two defendants surrendered to authorities last month.
01:01The trio have been charged with wire fraud conspiracy, wire fraud, and aggravated identity theft, the DOJ said.
01:10The DOJ said it declined to bring charges against TM itself after the company self-reported the criminal conduct and
01:17pledged to cooperate with authorities.
01:20Panyu Jo, FMT
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