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New Straits Times
10-07-2025
- Business
- New Straits Times
MARKET PULSE PM JULY 10, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia closed higher today, snapping a three-day losing streak. The rebound was led by banking stocks, which lifted the Bursa Malaysia Financial Services Index into positive territory. Consumer stocks among FBM KLCI constituents also extended their gains, supported by the central bank's rate cut, which is expected to lower borrowing costs and boost spending. Meanwhile, the ringgit strengthened against the greenback today to 4.2500. In the crypto market, Bitcoin jumped to RM467,553 amid Wall Street rally. Ethereum rose to RM11,726, while Solana rose to RM666. That wraps up today's Market Pulse.
West Australian
24-06-2025
- Health
- West Australian
Convicted UK fraudster David Hurst pressured Aussie patients to use super for dental work before swiping millions and taking own life
A dentist who was convicted of fraud in the UK allegedly pressured Australian patients to take tens of thousands of dollars from their superannuation for unnecessary dental work and then withdrew millions from his business before he died of suicide. Former Perth Dental Rooms director David Hurst, 43, took his own life on December 10 last year at the Crown Perth, leaving a path of destruction and a business on the brink of bankruptcy. Lawyers allege Dr Hurst withdrew $7m from the Perth practice before he took his own life. Dr Hurst was previously convicted of defrauding the National Health Service (NHS) in the UK over forged patient declarations. The Cardiff Crown Court found that Dr Hurst stole £15,584 ($A35,553) by submitting fraudulent patient claims while he worked at the Bridgend Dental Centre. He pleaded guilty to 69 counts of theft, receiving a suspended sentence and order to perform 200 hours of community service, in 2012. Two years later he was banned from practising dentistry in the UK by a professional conduct committee. But the dentist relocated to West Australia, where he was permitted to practise dentistry despite his criminal record. He became a director at the Perth Dental Rooms, where he allegedly defrauded patients before his death. Legal firm Slater and Gordon is representing 20 of Dr Hurt's former patients whom he allegedly persuaded to use their superannuation to pay for expensive and often unnecessary treatments. The lawyers allege some patients paid more than $70,000 upfront for procedures that never occurred and have yet to be reimbursed. Medical law practice leader Sarah Marshman said patients had suffered financial loss, emotional distress and ongoing pain caused by reckless, unfinished and, in some cases, unnecessary dental work. She said the firm heard from patients who were in constant pain, had broken implants, infections and untreated complications. 'For many patients, accessing their superannuation early seemed like a smart way to fund dental treatment,' she said. 'But now they've lost tens of thousands from their retirement savings and are still in pain – physically, financially and emotionally. 'These patients weren't just sold dental procedures. They were sold false hope through aggressive social media advertising and quick access to super. 'They were encouraged to dip into their retirement savings without any real understanding of the tax penalties or medical risks involved.' Ms Marshman urged Australians to think twice before being pressured by aggressive advertising to use super for medical or dental work. 'We're continuing to gather evidence for a growing number of affected patients and will be seeking accountability for the harm caused,' she said. 'We believe there could be over 130 former patients affected.' An administrator was appointed to Hurst Group Pty Ltd, which traded as the Perth Dental Rooms, in March this year after Dr Hurt's wife Clara stepped in as director. There is no suggestion that she was involved in any wrongdoing. The West reported the Perth Dental Rooms was sold in May but proceeds from the sale were not enough to cover its liabilities. It was reported $2.3m in payments made by patients in advance remain unaccounted for by the Hurst Group. Ms Marshman urged anyone who was treated or consulted by Dr Hurst to contact Slater and Gordon Lawyers. 'Any information received will be treated confidentially and could help bring justice to the victims of David Hurst,' she said.
The Star
15-05-2025
- The Star
Cops arrest 84 in Johor's Ops Noda Khas
JOHOR BARU: Eighty-four people were arrested in Johor in simultaneous statewide operations codenamed Ops Noda Khas from May 12 until May 13. Johor Police chief Comm Datuk M. Kumar said the operation aimed to eliminate prostitution activities, the misuse of social visit passes, the hiring of foreign women without valid work permits and the operation of unlicensed premises. 'We are targeting karaoke centres, entertainment outlets, beauty and wellness centres, food outlets, hotels, massage parlours and homestays,'' he said in a statement on Thursday (May 15). Comm Kumar said of the 84 people detained, 15 were local men, two local women, six foreign males and 61 foreign females aged 19 to 55, for committing various offences. He said police also seized mobile phones, payment receipts, microphones, loudspeakers, televisions, condoms, massage oils, towels, tissues, duty rosters, a working time punch card machine and RM8,553 cash. 'The seized items will be used for investigation purposes,'' added Comm Kumar. He said the 17 locals arrested have been remanded under Section 17 of the Malaysian Criminal Procedures Code, while the 67 foreigners were held under the Immigration Act 1959/63 for not possessing valid travel documents and working without work permits. Comm Kumar said an investigation was conducted under the following offence provisions: Section 6(2) and Section 11(2) of the Johor State Entertainment and Entertainment Places Enactment 4/98. Section 55B, Section 55E and Section 6(1)(c), Section 15(1)(c) of the Immigration Act 1959/63 and Rules 39(b) of the Immigration Rules 1963. Section 372(A), Section 372(B) and Section 373 of the Penal Code, Section 107(6) of the Local Government Act 1976, Section 3(1) Trade, Business and Industry Licensing By-law (Johor Baru City Council) 2016. 'We have conducted 97 raids at prostitution dens statewide from January to April 2025, 383 were arrested, of whom 70 were locals and 313 foreigners for various offences,'' he said. Comm Kumar asked those with information on crime-related activities to contact the Johor Police Contingent hotline at 019-2792095 or the Operation Centre at 07-2212999.
Yahoo
13-05-2025
- Business
- Yahoo
Star Health Announces New Board Appointments
CHENNAI, India, May 13, 2025 /PRNewswire/ -- Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest retail health insurance company has announced key appointments and leadership updates, underscoring the company's commitment to strengthening its executive leadership and operational capabilities. Mr. Amitabh Jain, Chief Operating Officer has now been elevated as Whole-time Director and designated as a Key Managerial Personnel. Mr. Jain is a seasoned professional with over 25 years of experience in financial services. He is currently serving as the Chief Operating Officer at Star Health, a position he assumed in 2023. Mr. Jain was a founding member of ICICI Lombard and brings with him a deep understanding of operational excellence and strategic growth. He holds an engineering degree, an MBA, and is a CFA charter holder. Mr. Himanshu Walia, Chief Marketing Officer has also now been elevated as Whole-time Director and designated as a Key Managerial Personnel. Mr. Walia brings over 22 years of rich experience in the insurance sector. He has been an integral part of Star Health Insurance since 2007, serving as the Chief Marketing Officer, and has played a pivotal role in building the company's brand and market presence. Prior to joining Star Health, he held leadership roles at ICICI Lombard and Tata AIG. Mr. Walia holds an MBA in Marketing. The effective date of appointment for both would be the date of approval by IRDAI. These appointments reflect the company's focus on enhancing leadership depth and driving future growth through experienced and visionary professionals. About Star Health and Allied Insurance Star Health and Allied Insurance Co. Ltd. (BSE: 543412) (NSE: STARHEALTH) is a market leader in standalone health insurance in India. The Company commenced operations in 2006 and is India's first Standalone Health Insurance Company. Star Health Insurance provides Health, Personal Accident and Travel Insurance to customer. The Company has grown to emerge as one of the preferred private health insurance Company in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor made products to cater to the needs of customers across cancer, diabetes, cardiac illnesses and senior citizen, women and children specialized suite of health insurance offerings. Star Health is India's first health insurance Company to settle over 1 crore claims. Star Health Insurance has a strong multi-channel distribution network with 913 offices, with 14,000+ network hospitals, over 7,75,000 licensed agents, robust bancassurance and financial institution partners, and 17,000 employees. In FY25, Star Health's gross written premium stood at Rs.17,553 Cr with its net worth at Rs.8,668 Cr. For more information, visit Logo: View original content:
