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Under the prohibition, Ng is permanently banned from performing any regulated activity under the Securities and Futures Act (SFA), according to the Monetary Authority of Singapore.
KUALA LUMPUR: Millions in assets bought by Jasmine Loo Ai Swan using 1Malaysia Development Bhd (1MDB) money will be returned, says Datuk Seri Ayob Khan Mydin Pitchay.
Ng Chong Hwa was convicted in the US for conspiracy to launder money embezzled from 1MDB.
This relates to the High Court’s dismissal of his defamation lawsuit against Kit Siang.
KUALA LUMPUR: Assets bought by lawyer Jasmine Loo Ai Swan using 1Malaysia Development Bhd (1MDB) money, including two Pablo Picasso paintings, will be reappropriated, says the Deputy Inspector-General of Police.