The Business Times

Corruption

International

Ex-Prime Minister of Norway charged with corruption linked to Epstein

THORBJORN Jagland, a former prime minister of Norway, has been charged with “gross corruption” in connection with his ties to convicted sex offender Jeffrey Epstein, the Norwegian police said on Thurs...

The suspects are alleged to have classified exports of crude palm oil as byproducts of crude palm oil between 2020 and 2024, with losses to the state estimated at between 10.6 trillion rupiah (S$796 million) and 14.3 trillion rupiah (S$1.07 billion).
Asean Business

Indonesia arrests 11 for alleged corruption over palm oil exports

[JAKARTA] The Indonesian Attorney General’s Office said it had arrested 11 people, including officials from the customs office, for alleged corruption aimed at avoiding mandatory domestic sales of cru...

The Epstein files are not just about one man’s crimes, they are a mirror reflecting deeper problems with how power operates in society, and a test of whether accountability truly applies to everyone.
Opinion & Features
THE BOTTOM LINE

The Epstein files: Accountability and the question of elite impunity

Jeffery Epstein’s ability to operate for decades, despite credible allegations, points to failures across multiple institutions

IJM said it was fully cooperating with authorities and had made available all relevant information and personnel to facilitate the investigation.
Asean Business

Chairman of Malaysia’s IJM says he’s not involved in daily operations amid corruption probe

Krishnan Tan said he was cooperating fully with authorities

IJM is the subject of a US$2.71 billion takeover bid by rival conglomerate Sunway, in a deal that could create one of the country’s biggest construction groups.
Companies & Markets

Chairman of Malaysia's IJM Corp detained in anti-graft probe

The arrest happened at the agency’s headquarters following a raid on the suspect’s home

What makes the Epstein affair so explosive is that so many who spun in his orbit are still in power.
Opinion & Features
PERSPECTIVE

Jeffrey Epstein’s ghost is haunting the grand old men of capitalism

The taint of the disgraced financier will endure

Britain's former prince Andrew Mountbatten-Windsor is among the royals and other powerful figures who were part of Epstein's expansive network.
Opinion & Features

The Epstein rot goes deep

America must now ask itself if it can restore a culture of shame

Jakarta revised its state-owned enterprise law last year to clarify that not all losses constitute state losses, but old fears still linger.
Asean Business

Indonesia’s ‘state-loss trap’ and why SOE giants may be too scared to sell

The Grab-GoTo merger has reportedly hit an impasse as government-backed Telkomsel resists a sale that could expose it to tough legal consequences

IJM said its chairman Krishnan Tan had met with the Malaysian Anti-Corruption Commission (MACC) and was cooperating fully with authorities.
Asean Business

Malaysian anti-graft agency opens money laundering probe involving IJM

The confirmation of the probe comes just days after Sunway announced a US$2.71 billion takeover bid for IJM

Filipino activists staged a Halloween-themed protest against government corruption in the capital of Manila in October.
Wealth & Investing
THINKING ALOUD

Eliminating corruption in the Philippines is an uphill climb

President Ferdinand Marcos Jr will need to show resolve in his fight against it

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