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SFC commences prosecution of brothers-in-law for alleged false trading in Pa Shun (0574): Source: SFC | Source date: 23-Jan-2025 19:10 https://t.co/fcgo1d6IdP
SFC fines Hang Seng Bank Ltd HK$66.4m for misconduct in selling practices of investment products: Straight out of the textbook of Messrs Churnham and Burnham. Source: SFC | Source date: 27-Jan-2025 17:31 https://t.co/emlPXMtclI
Ex-OCBC Bank employee admits bribery and fraud over client referrals to broker for mortgage loan applications with another bank: Source: ICAC | Source date: 23-Jan-2025 23:59 https://t.co/1Ltn1cRJtZ
Oasis Management, a Hong Kong-based investment fund, is preparing a shareholder derivative lawsuit against former executives of Kobayashi Pharmaceutical, including former chairman Kazumasa Kobayashi. The lawsuit is in response to a health hazard scandal involving 'beni kōji' rice supplements. Oasis Management is seeking approximately 11 billion yen in damages from the former executives for their alleged roles in the scandal, which has raised concerns about the safety of the company's products. This legal action highlights ongoing scrutiny over corporate governance and accountability in Japan's pharmaceutical sector.
