Author: Nectar Gan

Singapore authorities have charged three senior executives of Samtrade FX in connection with a major trading scam involving allegations of fraud and money laundering. The case has sent shockwaves through the regional financial services industry, raising serious concerns around governance, compliance, and investor protection in online trading platforms. According to investigators, the accused executives are alleged to have misrepresented trading practices, misused client funds, and routed money through complex financial structures to conceal its origins. Prosecutors claim that investors were misled about the safety, transparency, and performance of trading products, while internal controls were either bypassed or deliberately weakened. The alleged laundering of funds furth...

The Most Valuable Party (MVP) is Singapore’s newest political party, having received approval from the authorities about half a year after its application was filed. This brings the total registered political parties here to 21. A notice published in the Government Gazette on the evening of Dec 18 said the party was registered under the Registry of Societies on that same day. The party is founded by restaurant owner Chia Yun Kai, 32, who joined the political fray earlier this year in the lead-up to the May general election. Mr Chia told The Straits Times that he sent in an application in April. Although the party’s official status took some time to materialise, he said he welcomed the move that would give his party legitimacy. “The intention all along was to create some