Tag: tax evasion

YNH Property Bhd, a Malaysian property developer, is at the center of a RM20 million embezzlement scandal involving employees and related parties. The phony Joint Venture deal with Genius More Sdn Bhd raises questions about regulatory compliance, tax evasion, and fraudulent misappropriation of public funds. This is just one of many stories revealing suspicious money flows within the company.

The 2013 ICIJ Offshore Leaks investigation revealed KNM Group CEO Lee Swee Eng's involvement in offshore financial activities. This exposé, part of a larger revelation of 130,000 offshore accounts across 170 countries, led to worldwide investigations and policy changes aimed at combating tax evasion and increasing financial transparency.