Malaysia syndicate raid / Cambodia investment embezzlement / India Direct Benefit Transfer system

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Malaysia's graft buster finds $1.1m cash, luxury yacht, two helicopters in project syndicate raid.  “Malaysia's Anti-Corruption Commission (MACC) found a total of RM3.5 million (US$846,000) in cash when it raided a house belonging to a 47-year-old Datuk, believed to be the ringleader of a syndicate which made bids for billions in government contracts using hundreds of shell companies.”

The Straits Times: https://www.straitstimes.com/asia/se-asia/malaysias-graft-buster-finds-11m-cash-luxury-yacht-two-helicopters-in-project-syndicate  

 

Cambodian investors wonder where their $20m went.  “Cambodian financial investment company GoldFX Investment announced a temporary suspension of operations on March 29 after claiming staff members had embezzled more than US$20 million from the firm.”

David Hutt/Asia Times: https://asiatimes.com/2021/04/cambodian-investors-wonder-where-their-20m-went/      

 

DBT ensures transparency.  “The [Direct Benefit Transfer] system [for making payments directly to the farmers for their produce] was launched by the [Government of India] in 2013 with the aim of ensuring accurate targeting of beneficiaries of welfare schemes, besides minimising duplication and curbing fraud”

The Tribune: https://www.tribuneindia.com/news/editorials/dbt-ensures-transparency-236046  

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