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Geneva-based luxury goods company Chopard Singapore failed to notice it was missing S$11.2 million until a government investigator started looking into the embezzlement after a tip-off. Now the former accounting manager of the luxury goods company, known for…
Telecoms revenue fraud is a primary driver for increased Apache Hadoop adoption, according to a recent poll of telco and enterprise users by Cloudera and Argyle Data. Communication service providers lose around $38 billion to fraud every year. Conducted…
A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country’s biggest financial scams, the official Xinhua news agency said. The group was convicted of illegally raising funds during the…
An asset management company backed by property projects has defaulted on wealth management products worth 1.9 billion yuan (HK$2.27 billion), affecting more than 5,000 retail investors across mainland China and triggering more concerns about its property and…
Italian lifestyle brand Diesel says it is initiating legal action against an average of three Chinese companies every week in its war against copycats selling copies of its apparel. “Hundreds of legal actions are in place against usurpatory brands, especially…
The call comes after the watchdog found seven beauty and herbal vendors at the Guadalupe Commercial Complex selling cosmetics that had been banned by the Food and Drug Administration. Beauty brands Erna, Jiaoli and S’zitang were among the skin whitening…
Consumers across Southeast Asia and Greater China feel safer paying in a brick and mortar environment as opposed to online; sole exception is China According to the inaugural MasterCard Safety and Security Index, consumers across Southeast Asia and Greater…
Luxury brands affected by Asia’s burgeoning multi-billion dollar piracy trade will soon have a new weapon. NEC has revealed new technology that can distinguish even the most sophisticated counterfeit products. The technology can read microscopic patterns on…
