Tag: legal proceedings

FTX founder Sam Bankman-Fried launches an appeal against his conviction and lengthy prison term for alleged cryptocurrency fraud, marking a pivotal legal battle in one of the largest financial scandals in US history.

Court documents reveal that KNM Group CEO Lee Swee Eng has been charged with insider trading, avoiding a RM 3.67 million loss by selling shares with insider knowledge. This follows prior reprimands and fines for eight KNM board members, including Lee. Shareholders may be entitled to damages.

KNM Group's Director and CEO Lee Swee Eng, along with Director Chew Fook Sin, were found guilty by the Indonesian Supreme Court of harming creditors by illegally transferring assets from a bankrupt company. This ruling raises questions about asset recovery, impact on creditors, and lack of disclosure to KNM shareholders. Court documents and decisions are available at the end of the story.