Latest news with #Cambodia-based
The Sun
26-05-2025
- Business
- The Sun
Asia Platinum Capital signs three MoUs to boost ESG, green investments in Asean, GCC
KUALA LUMPUR: Asia Platinum Capital Bhd marked a significant milestone by signing three strategic memoranda of understanding (MoUs) with leading regional and international partners in the ESG and sustainable investment space during the Asean Leadership & Partnership Forum 2025. These strategic collaborations aim to drive regional transformation in climate finance, next-generation technologies, and ESG integration across ASEAN and the Gulf Cooperation Council (GCC) countries. Asia Platinum Capital CEO Ramlie Kamsari led the signing ceremony and witnessed by chairman Tan Sri Mohamed Jawhar Hassan and the Cambodian senior minister and Asean Economic Club (AEC) honorary advisor Dr Sok Siphana. The three key partnerships signed are South Pole, a leading carbon asset developer and climate consultancy based in Switzerland, Cambodia-based Group KS, a pioneering technology company, Edena Capital Partners, a global financial technology firm, and Integral Omni Inspire (IOInspire), a company jointly set up by Harry Lim with GlaxoSmithKline and National University of Singapore. South Pole was represented by Ladaporn Khunikakorn, regional director, Climate Projects - Southeast Asia and Oceania. The partnership with Asia Platinum Capital focuses on developing high-integrity carbon assets across the region, contributing to channelling climate finance into nature and innovation projects to drive measurable climate impact. The strategic alliance between Group KS and Edena, represented by co-CEO Wook Lee, aims to form an international consortium to establish Malaysia's first STO exchange. It will focus on Asean carbon credit tokenisation and integrating Islamic finance principles. The collaboration with Integral Omni Inspire, led by CEO Harry Lim, focuses on delivering ESG solutions and technologies across Asean and GCC markets, supporting Asia Platinum Capital's goal for global ESG leadership. The involvement of Dr Sok Siphana underscores Asia Platinum Capital's cross-border efforts with its inaugural carbon credit project centred on sustainable biogas technology in Cambodia, highlighting the country's key role in Asia Platinum Capital's climate-positive ESG journey. Asia Platinum Capital CEO Ramlie Kamsari said each of these partnerships reflects the firm's belief that technology and smart partnerships are key to unlocking the true potential of ESG transformation across the region. 'We are honored to work alongside visionary partners who share our long-term commitment to creating carbon wealth, impact investment, and inclusive green development,' he said. With over 25 years of experience in the capital market, Islamic finance and sustainable investment in various strategic leadership roles, Ramlie Kamsari brings deep financial acumen to these forward-looking partnerships. Ladaporn said South Pole is excited to work with Asia Platinum Capital in scaling high-impact climate projects that contribute to meaningful carbon reduction while unlocking long-term investment opportunities across Southeast Asia. 'This partnership supports our mission to deliver true climate impact for all, leveraging the power of carbon markets and accelerating much-needed low-carbon transformations,' she said. Wook Lee said Group KS & Edena is thrilled to formalise this strategic partnership with Asia Platinum Capital. 'Our alliance aims to establish Malaysia as Asean's premier hub for carbon credit tokenisation, creating a first-of-its-kind STO exchange that bridges traditional finance with blockchain innovation. 'By integrating Islamic finance principles with advanced tokenisation technology, we're building a regulatory-compliant platform that will democratise access to sustainable investments while unlocking premium value for Asean's assets on the global stage,' he said. Integral Omni Inspire CEO Harry Lim said the company is honoured to work with Asia Platinum Capital to bring next-generation ESG solutions to a broader audience across Asean and the GCC countries. 'Together, we aim to localise advanced technologies that address real environmental challenges while creating value for communities, businesses, and governments,' he said.
Time of India
20-05-2025
- Time of India
How an IIT-trained hacker ran a Rs 5 crore WhatsApp scam with help from a Chinese handler
Delhi Police have arrested five men, including a certified ethical hacker from IIT, in connection with a cybercrime racket linked to a Cambodia-based network operated by Chinese handlers. The accused allegedly ran a fake investment scheme, defrauding victims of over Rs 5 crore. Their arrests followed a complaint filed by a Delhi resident who lost ₹32 lakh in the scam, a TOI report stated. Fraud exposed after victim loses Rs 32 lakh The case came to light when a resident of Karawal Nagar approached the Northeast Delhi Cyber Crime Unit, claiming he had been cheated of Rs 32 lakh in a stock market investment scam. Following the complaint, police traced suspicious bank transactions, which led them to the accused. Raids were conducted in Delhi, Aligarh, Udham Singh Nagar (Uttarakhand), Basti, and Kanpur. Those arrested and their roles The accused were identified as Girish Pandey (31), an ethical hacker with an IIT certificate; Avinash Kumar (34), a physics graduate; Suraj Chaudhary (26); Vicky Bora (27); and Makkhan (32). Police said the group was part of a larger international cybercrime module. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Khulna - Watch What Happens Happy in Shape Undo Special commissioner Ravindra Yadav confirmed the arrests and said further investigations were ongoing to trace other members of the network. Modus operandi of the racket Police said the group added potential victims to fake advisory groups on chat platforms like WhatsApp. They would convince victims to invest in stocks and IPOs through a fraudulent platform. Initially, fake profits were shown to gain trust. When victims asked to withdraw their money, their accounts were frozen on the pretext of 'penalties,' forcing them to invest more. Live Events Funds were collected through fake companies, cooperative banks, offline RTGS, and cryptocurrency, including USDT. Key links to Cambodia and China 'The investigation revealed international connections, with Chinese operators and Cambodian associates involved in the transactions,' said a senior police officer. According to police: 'Chaudhary provided an IDFC bank account to Bora for a 10% commission.' 'Bora was the mastermind linked to Chinese operator 'Nio' and coordinating with a Cambodian network.' 'Pandey was involved in money laundering through a fake company, Travelese Bird Technology Pvt Ltd.' 'Kumar was a partner in transactions worth ₹9 lakh.' 'Makkhan was an intermediary between shell account holders in India and Cambodia.' Police seized two mobile phones, bank records, and digital evidence during the raids. A money trail of over ₹5 crore has been uncovered.
Time of India
20-05-2025
- Business
- Time of India
IIT-trained hacker arrested in Rs 22 lakh stock advisory scam linked to Cambodia cybercrime network
An IIT-trained 'ethical hacker' and his associate have been arrested for their alleged involvement in a cross-border cybercrime racket that duped investors by posing as stock market advisors. The duo collected funds through a complex web of fake companies and cryptocurrency channels. According to a report by The Times of India, the key accused, Girish Pandey, who completed a course from the Indian Institute of Technology, teamed up with Anvesh Makkhan, a physics graduate, to defraud victims of at least Rs 22 lakh. The two were reportedly operating under the direction of handlers from a Cambodia-based cybercrime syndicate. Trading Advice as a Front Pandey and Makkhan allegedly created fake stock advisory groups on Telegram and WhatsApp, offering fraudulent investment tips and luring victims to invest in fake IPOs and trading schemes. The collected money was routed through shell companies, and withdrawn using cooperative banks, offline RTGS transactions, and cryptocurrencies, including USDT (Tether). 'These two worked as money mules, collecting the proceeds of fraud and sending them to Cambodia,' a senior police officer told TOI. The accused used fake identities and SIM cards to mask their activities but were eventually traced through cyber forensic analysis. Sophisticated Multi-State Operation In coordinated raids across Delhi, Aligarh, Udham Singh Nagar (Uttarakhand), and Kanpur, police arrested Pandey (31), Makkhan (32), and two other associates — Divyansh Chaudhary (34) and Avi Bansal (30). The racket reportedly operated across several Indian states, using numerous bank accounts to layer and launder transactions. One of the firms used in the operation was identified as Bird Technology Pvt Ltd. Police said Chaudhary managed Indian operations, providing bank accounts and onboarding victims for a 10% commission. Use of AI and Crypto in Targeting Victims The Cambodia-based cybercrime module is believed to have deployed AI tools to identify high-potential targets. These victims were added to advisory chat groups where they were manipulated using fake gain screenshots and testimonials, eventually persuading them to invest increasing amounts — in some cases, their entire life savings. 'They worked with Chinese nationals and Cambodian associates,' said a police officer. 'Funds were collected through fake companies, cooperative banks, offline RTGS, and crypto transactions.' The arrests were triggered by a complaint from a Delhi-based victim who lost Rs 22 lakh. Investigators tracked the trail through multiple mule accounts, eventually leading them to the North-East Delhi residence of one of the accused. Police are now pursuing leads to identify and arrest other members of the international cybercrime network. Also read | Ramesh Damani portfolio stock Protean falls another 13%, now down 30% in 2 days ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
20-05-2025
- Business
- Economic Times
IIT-trained hacker arrested in Rs 22 lakh stock advisory scam linked to Cambodia cybercrime network
IIT-trained hacker, 3 others held in Rs 22 lakh cross-border stock scam. Synopsis An IIT-trained "ethical hacker" and three others were arrested for running a cross-border cyber scam that defrauded investors via fake stock advisory groups. Operating under a Cambodia-based syndicate, the gang used AI tools, shell firms, and cryptocurrency to launder funds. A Delhi man's Rs 22 lakh loss led to their arrest in raids across four Indian cities. An IIT-trained 'ethical hacker' and his associate have been arrested for their alleged involvement in a cross-border cybercrime racket that duped investors by posing as stock market advisors. The duo collected funds through a complex web of fake companies and cryptocurrency channels. ADVERTISEMENT According to a report by The Times of India, the key accused, Girish Pandey, who completed a course from the Indian Institute of Technology, teamed up with Anvesh Makkhan, a physics graduate, to defraud victims of at least Rs 22 lakh. The two were reportedly operating under the direction of handlers from a Cambodia-based cybercrime syndicate. Pandey and Makkhan allegedly created fake stock advisory groups on Telegram and WhatsApp, offering fraudulent investment tips and luring victims to invest in fake IPOs and trading schemes. The collected money was routed through shell companies, and withdrawn using cooperative banks, offline RTGS transactions, and cryptocurrencies, including USDT (Tether). 'These two worked as money mules, collecting the proceeds of fraud and sending them to Cambodia,' a senior police officer told accused used fake identities and SIM cards to mask their activities but were eventually traced through cyber forensic analysis. ADVERTISEMENT In coordinated raids across Delhi, Aligarh, Udham Singh Nagar (Uttarakhand), and Kanpur, police arrested Pandey (31), Makkhan (32), and two other associates — Divyansh Chaudhary (34) and Avi Bansal (30).The racket reportedly operated across several Indian states, using numerous bank accounts to layer and launder transactions. One of the firms used in the operation was identified as Bird Technology Pvt Ltd. ADVERTISEMENT Police said Chaudhary managed Indian operations, providing bank accounts and onboarding victims for a 10% commission. ADVERTISEMENT The Cambodia-based cybercrime module is believed to have deployed AI tools to identify high-potential targets. These victims were added to advisory chat groups where they were manipulated using fake gain screenshots and testimonials, eventually persuading them to invest increasing amounts — in some cases, their entire life savings.'They worked with Chinese nationals and Cambodian associates,' said a police officer. 'Funds were collected through fake companies, cooperative banks, offline RTGS, and crypto transactions.'The arrests were triggered by a complaint from a Delhi-based victim who lost Rs 22 lakh. Investigators tracked the trail through multiple mule accounts, eventually leading them to the North-East Delhi residence of one of the accused. ADVERTISEMENT Police are now pursuing leads to identify and arrest other members of the international cybercrime network. Also read | Ramesh Damani portfolio stock Protean falls another 13%, now down 30% in 2 days (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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Time of India
19-05-2025
- Time of India
No Ethics Here: Hacker Drives Trading Scam
New Delhi: For an ' ethical hacker ' who completed a course from an Indian Institute of Technology, Girish Pandey could have had a brighter future. Instead, he allegedly teamed up with his friend Avinash, a physics graduate, and started working for a Cambodia-based international cybercrime network having Chinese handlers. In the past few months, their accounts were credited with more than Rs 5 crore -- mostly the proceeds of crime, according to police. Their run was short-lived, however, as cops tracked them down and busted their module. The duo was arrested along with three others, including the alleged conduit between cybercriminals and the Cambodia-based kingpins. Confirming the arrests, special commissioner Ravindra Yadav said efforts were underway to identify and nab more members of the network. The accused were allegedly involved in a fake stock trading scheme , duping victims through WhatsApp and other chat platforms. The group came under the scanner after a resident of Karawal Nagar complained that he was duped of Rs 32 lakh through an investment fraud scheme, following which the Cyber Crime Unit of Northeast Delhi district started analysing his bank transactions. The accused were subsequently arrested during raids in Delhi, Aligarh, Udham Singh Nagar (Uttarakhand), Basti and Kanpur. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tukarkan Bitcoin dan Ethereum - Tanpa Dompet Diperlukan! IC Markets MULAI SEKARANG Undo They were identified as Pandey (31), Suraj Chaudhary (26), Vicky Bora (27), Avinash Kumar (34) and Makkhan (32). Police seized two mobile phones, bank records and digital evidence, uncovering a money trail of over Rs 5 crore. Revealing their modus operandi, the accused told police they would add potential targets to fake advisory groups and collect money through fake companies, cooperative banks, offline RTGS and cryptocurrency (USDT). The victims would be lured into investing in Indian as well as US stocks and IPOs through a fake platform, and promised huge profits. Initially, the victims were shown profits, but later, when they demanded their money back, their accounts would be frozen, citing 'penalties', and they would be forced to invest more. The investigation revealed international connections, with Chinese operators and Cambodian associates involved in the transactions, said police. "Chaudhary provided an IDFC bank account to Bora for a 10% commission, while Bora was the mastermind linked to Chinese operator 'Nio' and coordinating with a Cambodian network. Pandey was involved in money laundering through a fake company, Travelese Bird Technology Pvt Ltd. Kumar was a partner in transactions worth Rs 9 lakh while Makkhan was an intermediary between shell account holders in India and Cambodia," a senior police officer said.
