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Ex-Executives of Bankrupt AI Company Charged with Fraud
BusinessReuterschannel-news-asia2d ago2 sources

Ex-Executives of Bankrupt AI Company Charged with Fraud

The former Chief Executive Officer and Chief Financial Officer of a bankrupt artificial intelligence company have been charged with fraud. The charges follow the company's financial collapse and alleged misconduct by its leadership.

Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss
BusinessSCMPchannel-news-asia1mo ago2 sources

Pertamina corruption trial: 9 jailed in Indonesia over US$17 billion state loss

An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units, which prosecutors say caused US$17 billion in state losses. The case, which centres on alleged illegal leasing of a fuel terminal and illegal imports of crude oil, among other offences, is one of the biggest launched under the administration of President Prabowo Subianto, who has vowed to eradicate corruption. The nine...