S Korean tycoon creates shell companies in SG to evade tax
(20 July) - Lee Jae-Hyun, 53, allegedly stashed away undeclared assets worth about 96 billion won ($A93.5 million) and evading taxes worth 54.6 billion won since 2004. "This is a case where a business tycoon illicitly pocketed funds diverted from listed companies and evaded tax", prosecutor Park Jeong-Shik told journalists. Lee...
Australia: Large-scale fraud of visa system by Indian students & workers
(Australia, 23 Jul) - The ABC has revealed that thousands of Indian students, skilled workers and 457 visa holders have been admitted to Australia on dodgy travel and work documents. Briefings prepared by the Immigration Department and obtained by the ABC's Fact Check Unit under Freedom of Information show out-of-control, large-scale...
SG’s Loss of Top MBA Program Threatens Education Ambition
Singapore (23 Jul) - Singapore’s efforts to become an Asian center for higher education was dealt a blow this month when the school with the top-ranked MBA program said it will relocate to Hong Kong. The University of Chicago, whose executive MBA program was ranked No. 1 by Bloomberg Businessweek last year, said July 10 it’s...
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