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A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party accounts. Kho Yung Kang, 39, appeared before the Sessions Court in Kuching and pleaded guilty to 24 charges comprising 16 counts of cheating and eight offences under Malaysia's Anti-Money

Malaysia’s former army chief and his wife were charged on Thursday (Jan 22) with money laundering offences involving close to RM2.2 million (US$543,000), marking another major development in a widening anti-corruption crackdown within the country’s defence establishment. In separate proceedings at the Kuala Lumpur Special Corruption Court, 58-year-old Muhammad Hafizuddeain Jantan and his wife, Salwani Anuar, 26, were each slapped with four charges under the Anti-Money Launder