Casino junket operator returns bank reserves
MANILA • Casino junket operator Kim Wong has turned over a fourth and final tranche of funds amounting to 250 million pesos (S$7.2 million) - part of the US$81 million (S$110 million) stolen by hackers from the account of the central bank of Bangladesh with the US Federal Reserve - to the Anti-Money Laundering Council (AMLC).
Mr Wong maintains that he unwittingly received the money as payment from Chinese gaming clients, without knowing that the funds came from the electronic heist. He is now the subject of a money-laundering complaint filed by the AMLC with the Department of Justice, along with several other parties.
PHILIPPINE INQUIRER/ASIA NEWS NETWORK
Apple taking trademark fight to China's top court
HONG KONG • Technology giant Apple will take its trademark dispute over the iPhone name in China to the country's highest court, the company said yesterday, reported CNBC.
The California-based company had lost an appeal in the Beijing Municipal Higher People's Court against the use of its "iPhone" trademark on a range of leather goods manufactured by Xintong Tiandi Technology (Beijing).
HK man jailed 21 years for raping daughter
HONG KONG • A Hong Kong man has been described as "the scum of the earth" and his crimes "unconscionable and abhorrent" after details of his sexual assaults on his young daughter were revealed in the high court.
The jobless 62-year-old, whose name was not revealed to protect the victim's identity, was sentenced to 21 years in jail on Wednesday.
The South China Morning Post reported that he was convicted of all 10 charges: six counts of rape and four counts of making child pornography.
Ex-KL CID chief's assets revealed in trial
KUALA LUMPUR • Former Kuala Lumpur CID chief Ku Chin Wah owned 10 properties in Malaysia though he earned a monthly salary of just RM12,107.81 (S$4,100), a deputy public prosecutor testified at Ku's money-laundering trial on Wednesday, reported The Malay Mail Online. He and his wife also owned three businesses and five cars and held shares worth RM646,000.