Fraud Cases Essay Example for Free

Fraud Cases Essay Tan Sri Eric Chia Eng Hock or commonly known as Eric Chia is a millionaire in Malaysia ad is a former chairmain of Perwaja Steel. In June 2007, Chia discharge committing criminal breach of trust 13 years ago when embezzling money from the company of Perwaja Rolling Mail and Development Sdn Bhd of RM $76. 4 million at 19 February 1994 when was the Managing Director. In his cases, Perwaja Rolling Mill and Development Sdn Bhd in Kuala Lumpur instructed American Express Bank Limited to transfer and credit 2,890,130,210 yen (RM76. million) into Frilsham Enterprise Incorporateds account. Yvonne Lam Yuen Shan, an operations support and control manager of the bank, said she also corrected Frilsham Enterprises account number from 953601855 to 9530018552. Lam, has agreed that the amount stated was actually credited into another bank account (account number 547003027) of Frilsham Enterprise. The 2,890,130,210 yen was the specific sum of payment under the technical assistance agreement, minus the bank charges. The original payment amounted to 2,891,580,000 yen. Asked why the money was transferred to the second account instead of the earlier account, Lam said: We got confirmation from the customer that they would like the amount to be transferred into the second account. We executed the clients request to credit into the account. Chia is accused of dishonestly authorising payment for the amount to the account of Frilsham Enterprise Incorporated with American Express Bank Ltd, Hongkong, for technical assistance from NKK Corporation, when no such payment was due to the latter. Alternatively, he is charged with dishonestly disposing of the funds by entering into an agreement with NKK Corporation and authorising payment for the amount without the approval of the board of directors or the tender committee of Perwaja Rolling Mill Development Sdn Bhd. He is alleged to have committed both offences as managing director of Perwaja Rolling Mill Development Sdn Bhd at its office at Menara UBN on Jalan P Ramlee here, between Nov 4, 1993, and Feb 22, 1994. Another witness, Jesse Leung Ngai Chow, said he signed a letter on behalf of Apex Corporate Services Limited, directed to American Express Bank, on an application to open a bank account for Frilsham Enterprise Incorporated. Leung, who worked part-time at Apex as the managing director between 1993 and 1994, said the letter needed the signatures of four authorized signatories T. O. Yip, Robert Kong, H. Y Tan and himself. Asked to name the person who gave the instruction to open the account, Leung said it was Yuji Maeda. Apex Corporate Services Limited provides incorporation of companies, company secretarial services, setting up of trusts and trustee, corporation nominee director and operation of bank accounts. Leung agreed that the two signature cards referring to two Frilsham Enterprise bank accounts were dated Feb 2, 1994, and both indicated closure of account on July 7, 1994. Another letter by Yuji Maeda instructed American Express Bank Limited to transfer the amount of 2,890,130,210 yen to Waterfront International Limited through a bank account 9547003126, he said. On the search conducted by Michael Burley, acting chief investigating officer of the Independent Commission Against Corruption (ICAC), Leung said: Although the clients (Frilsham Enterprise) current status report which, was kept by Apex, was struck off, the Hongkong ICAC could still detect and reactivate that data. Leung said he did not know how the ICAC officers, who conducted the search on July 15 this year, could detect the data and added that it was suprising as Frilsham Enterprise was not functioning anymore and its data have been deleted completely. Under cross-examination by lead defence counsel Datuk Muhammad Shafee Abdullah, Leung said the Anti-Corruption Agency in Malaysian made two visits to Apex Corporate Services Ltd for investigations. The first visit was on June 19, 1996, to check some details without any seizure, while the second visit was in April this year. Leung confirmed that Yuji Maeda was the only one who gave any instructions to Apex pertaining to Frilsham Enterprise. Asked how many companies Yuji Maeda had asked Apex to maintain for him, he said: A couple more, such as Sakyo Consultancy Inc. Ltd, Borneo Enterprise. However, when asked whether Sita Investment Ltd was included in the list, Leung replied in the negative. The prosecution led by Attorney-General Tan Sri Gani Patail kept its promise to wrap up on Thursday its recording of evidence here on the alleged money trail pertaining to the RM76. 4 million when it called its sixth and last witness to the stand Cheng Tai Foon, a nominee director of Borneo Enterprise in January 1994. Cheng, who is currently a director in a security firm, said he signed an application to open a bank account in Banque Indosuez on the instruction of Leung, who was his former boss when they were working at an accounting firm, John Byrn and Co. Asked how he got involved in signing as a nominee director, Cheng said Leung often referred cases to him and he admitted that he was also a nominee director of other companies such as Borneo Enterprise.

Wealth :: essays research papers

Wealth   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"The Gospel of Wealth† written by Andrew Carnegie discusses the post Civil War industrial expansion era, a time that produced immense wealth for many business tycoons. Andrew Carnegia, an elite industrialist, created a very large wealth for himself during this time. Some of the elite industrialists tried to change their â€Å"robber baron image by curbing their often ostentatious lifestyles and seeking opportunities to enhance the community.† Andrew for one, decided that it was imperative for wealthy individuals to disperse their wealth throughout the society for the advancement of the community. In his article he believes that the conditions of society have revolutionized over the past hundred years, and it was inevitable that some individuals would become quite prosperous. He believes that the change that has occurred, should not be looked down upon but should be welcomed, because then their can be great things. Furthermore, Andrew Carnegie ma de a list of duties for men with wealth to abide by. He suggested that the wealthy should set of example of modesty, by shunning the display of extravagance, and should live unostentatiously. Carnegie believed that the rich man should become a trustee for the poorer man, either giving insight, superior wisdom, or through experiences. Carnegie believes that the rich man should be restricted to the examples of Peter Cooper, Enoch Pratt of both Baltimore and Brooklyn, who have improved the community and have created things such as parks for everyone to enjoy. He concludes, that a wealthy man who dies rich, will be unwept, and unhonored, while being disgraced. Thus, one should be a philanthropist and give back to the community. I truly feel that Andrew Carnegie article is filled with great principles. I think it is great when you see wealthy individuals giving back to the community. Although, I find it almost ironic and contradictory that after having written this that he lived in such an extravagant mansion. Nevertheless, I think his house is beautiful and it is great that he gave so much back to the community, like libraries, a university, and recreational places. A good friend of mine from school back in Miami had a very affluent grandfather who owned the distributing rights to numerous popular beverage companies. He passed away this month and had over 2,000 people at his funeral. Wealth :: essays research papers Wealth   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"The Gospel of Wealth† written by Andrew Carnegie discusses the post Civil War industrial expansion era, a time that produced immense wealth for many business tycoons. Andrew Carnegia, an elite industrialist, created a very large wealth for himself during this time. Some of the elite industrialists tried to change their â€Å"robber baron image by curbing their often ostentatious lifestyles and seeking opportunities to enhance the community.† Andrew for one, decided that it was imperative for wealthy individuals to disperse their wealth throughout the society for the advancement of the community. In his article he believes that the conditions of society have revolutionized over the past hundred years, and it was inevitable that some individuals would become quite prosperous. He believes that the change that has occurred, should not be looked down upon but should be welcomed, because then their can be great things. Furthermore, Andrew Carnegie ma de a list of duties for men with wealth to abide by. He suggested that the wealthy should set of example of modesty, by shunning the display of extravagance, and should live unostentatiously. Carnegie believed that the rich man should become a trustee for the poorer man, either giving insight, superior wisdom, or through experiences. Carnegie believes that the rich man should be restricted to the examples of Peter Cooper, Enoch Pratt of both Baltimore and Brooklyn, who have improved the community and have created things such as parks for everyone to enjoy. He concludes, that a wealthy man who dies rich, will be unwept, and unhonored, while being disgraced. Thus, one should be a philanthropist and give back to the community. I truly feel that Andrew Carnegie article is filled with great principles. I think it is great when you see wealthy individuals giving back to the community. Although, I find it almost ironic and contradictory that after having written this that he lived in such an extravagant mansion. Nevertheless, I think his house is beautiful and it is great that he gave so much back to the community, like libraries, a university, and recreational places. A good friend of mine from school back in Miami had a very affluent grandfather who owned the distributing rights to numerous popular beverage companies. He passed away this month and had over 2,000 people at his funeral.

French Education System Essay

In France, education has a clear goal: the system must always produce a group of well-educated individuals with a common culture, language and abilities that can then serve the State. The French educational system has a very large emphasis on content, culturally specific knowledge, scientific and mathematic knowledge. The system is designed to serve the needs of the state; the individuality and originality are not considered worth while values The French Republic has 60 million inhabitants, living in the 22 regions of metropolitan France and four overseas departments (1. million). Despite the fact that the population is growing slightly (up 0. 4% a year), the number and proportion of young people under 25 are, however, falling: there are now fewer than 19 million of them in metropolitan France, i. e. 32% of the total population, compared with 40% around 1970 and 35% at the time of the 1990 census. France is seeing a slow aging of the population — less marked however than in other neighbouring countries (Germany and Italy), especially as the annual number of births is currently increasing slightly. 5 million pupils and students, i. e. a quarter of the population, are in the education system. Just over 2 million are in higher education. In 1999, France’s GDP was close to FF 9,000 billion (EUR 1,330 billion), i. e. FF 150,000 (EUR 22,000) per inhabitant. Of this total, just over FF 600 billion (EUR 95 billion) were devoted to initial or continuing education: 7. 2% of GDP. As far as school education spending is concerned, France is in a middle position, behind the Nordic countries (Sweden and Denmark), but fairly significantly ahead of Italy and Japan. France has a workforce today of 26 million, of whom fewer than 2 million are unemployed: the unemployment rate recently fell to below 9%. 6% of the labor force (about 1. 5 million jobs, including 1 million civil servants and local government officers) are undergoing training. Educational Structure Around 13 million pupils attend school in France. The system is a unified one, whose present general structure (primary schools, colleges, lycees) was gradually put in place during the 1960s and 1970s, ending the formerly more compartmentalized system which was based on a clear separation between rimary and secondary education. Since the 1970s, France has also had an outstanding record with respect to the development of pre-school education; all 3- to 5-year-olds can go to nursery classes. Since 1967, school attendance has been compulsory for those from 6 to 16 years of age. France has 60,000 primary schools catering to pupils during their first five years of formal education: the first three years (CP – cours preparatoire cours elementaire 1 and 2) provide a grounding in the basic skills. The next stage – CM1/CM2 (cours moyen 1 and 2) takes the children up to the end of primary school. Secondary schooling is divided into two successive stages, known as cycles. From 11 to 15 years, almost all children now attend a college, taking them from form 6 (sixieme) to form 3 (troisieme) (1). Since 1975 there has been a single mixed-ability college for all pupils regardless of their level of achievement. After form 3, they move onto a general, technical or vocational lycee. These prepare pupils for the corresponding baccalaureatexaminations (referred to as le bac), which they normally take at the age of 18.

The Role Of Science And Religion An Organism s Success...

An evolution depends on an organism’s success at catching the attention of a mate, due to the fact that without a mate, an evolution cannot occur. Furthermore, a biological evolution makes reference to the cumulative changes in a population over time. The way it occurs is through species’ genes going through mutation and recombine in order for reproduction to occur. Therefore, a sexual reproduction must occur is by combining half of its genes with another organism’s genes. To put it differently, evolution is not a random process, however, what is random is the natural selection acts to could arise. Biological evolution is important due to the fact that, â€Å"is the central organizing principle of modern biology†¦Ã¢â‚¬ ¦.provides a scientific explanation for why there are so many different kinds of organisms on Earth and how all organisms on this planet are part of an evolutionary lineage†(Science, Evolution, and Creationism). The relationship between science and religion can be approached by three features: sociological, historical, and epistemological. In these views sometimes science and religion are compatible and in others incompatible, due to the reason that science is based on the objective of knowledge. However, religion utilizes knowledge of the objective just as knowledge utilizes the subjective. Like the book states, â€Å"Some people reject any science that contains the word ‘evolution’; others reject all forms of religion†¦.. Evolution is science, however, and only science