Cash and carry: money laundering becomes a major industry

Article Abstract:

Money laundering has become a major industry in Cmabodia, perhaps the driving force behind its cash economy, and potentially a corrupting influence leading to other sorts of organized crime. Casinos, nightclubs, restaurants, car dealers, and luxury-item stores all draw suspect spenders of large cash sums in a nation with a per-capita annual income of $200. Perhaps more important, 19 of the country's 29 banks are suspected of being money-laundering fronts. However, the higher-level criminals are still believed to operate elsewhere.

Crime, Money laundering, Cambodia

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Cash call no. 9

Article Abstract:

Semi-Tech (Global) Ltd (SGL) CEO James Ting has been trying to convince institutional investors of the viabilityof his latest share offering. Ting paid $31 million for full control of Sansui Electric Company Ltd and wants to raise $124 million dollars in a placement of 46 million shares. Singer Credit Corp, a new joint venture between SGL and subsidiary Singer Sewing Machines Corp, will receive $100 million dollars from the funds raised by the offering of Sansui shares.

Household Appliances, Mergers, acquisitions and divestments, Securities, Home appliances industry, Appliance industry, Akai Holdings Ltd., Sansui Electric Company Ltd.

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Final curtain call for Dhaka's divas?

Article Abstract:

The future role of Sheik Hasina Wazed and Khaleda Zia in Bangladeshi politics is discussed, besides the ideologies of their political parties, the Bangladesh Awami League and the Bangladesh Nationalist Party.

Executive changes & profiles, Bangladesh, Officials and employees, Political aspects, Beliefs, opinions and attitudes, Bangladesh Awami League, Bangladesh Nationalist Party, Wazed, Hasina, Sheik, Zia, Khaleda

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