1. US DOJ
Telekom Malaysia initiated an internal investigation of the American Subsidiary and the defendants. Upon discovering the fraud, Telekom Malaysia self-reported the conduct to the United States Attorney’s Office and received a conditional declination of charges against the company based on the company’s commitment to full cooperation, restitution, remediation of harm caused by the misconduct, and its agreement to report criminal conduct for a three-year period. Today’s action reflects the Office’s commitment to using self-reports as a means to quickly and effectively bring cases that hold individual executives accountable for their misconduct. - US DOJ
2. MALAY MAIL
Mohd Hafiz Lockman, Mohd Yuzaimi Yusof, and Khanh Thuong Nguyen, were senior executives at US subsidiary of TM, accused of using false statements and forged records to siphon funds from company and deceive counterparties, suppliers, auditors and supervisors in the United States on various occasions between July 2020 and February 2026, authorities said. — Picture from https://www.justice.gov/
Wednesday, 20 May 2026
- KL, May 20 — US charged three senior employees of Telekom Malaysia (TM)
- misappropriating over US$20 million (RM79.56 million) from M'sian firm
- US Department of Justice said on Tuesday.
- Mohd Hafiz Lockman, Mohd Yuzaimi Yusof, Khanh Thuong Nguyen were senior execs
- accused of using false statements, forged records to siphon funds
- between July 2020 and February 2026, authorities said.
- three individuals conducted deliberate, calculated embezzlement scheme
- falsifying corporate records for their own financial benefit,” FBI said
- Mohd Hafiz arrested at San Francisco airport
- other two accused turned themselves in last month
- charged with wire fraud conspiracy, wire fraud, and aggravated identity theft
- TM did not immediately respond to a request for comment.
- DOJ said it declined to file charges against Telekom Malaysia
- after TM self-reported the criminal conduct and pledged to cooperate
US DOJ policy to encourage firms to report criminal misconduct in exchange for reduced penalties and other benefits
defendants accused of diverting millions of dollars from TM into bank accounts they controlled, according to the US indictment.
On one occasion, TM was asked to approve a sale of eight terabytes of capacity to a US multinational for US$54 million, when in fact only six terabytes were purchased.
The defendants then allegedly sold the excess capacity to other companies, diverting funds from the illicit sales through a sham entity, the DOJ said.
They were also accused of inflating the cost of cable purchases, redirecting nearly US$2.9 million in payments to a bank account they controlled, and allegedly claimed reimbursements for fabricated work expenses, it said.
The three also allegedly impersonated employees and interns to capture their salaries, and on one occasion used an AI-assisted imposter to deceive human resources staff, the DOJ said. — Reuters
