US Charges Three Malaysian State Telecoms Officials for Multimillion-Dollar Fraud
The Justice Department said the executives used forged records and fake entities to divert more than $20 million from Telekom Malaysia.
- On Tuesday, the Department of Justice charged three Telekom Malaysia executives with misappropriating over $20 million. Mohd Hafiz Lockman, Mohd Yuzaimi Yusof, and Khanh Thuong Nguyen allegedly deceived auditors and supervisors using false statements and forged records between July 2020 and February 2026.
- The executives allegedly siphoned funds via false statements and inflated cable costs, redirecting nearly $2.9 million to controlled accounts. They also used AI-assisted imposters to deceive supervisors while diverting proceeds from illicit capacity sales.
- On one occasion, the group falsely approved a sale of capacity to a United States multinational for $54 million when only six terabytes were actually purchased. Arrested last month, Mohd Hafiz was detained at San Francisco airport while the other two surrendered to authorities.
- Following an internal investigation, Telekom Malaysia dismissed the three executives and self-reported the criminal conduct to authorities. The Department of Justice declined to bring charges against the firm, which continues to fully cooperate with the ongoing investigation.
- Facing charges of wire fraud conspiracy and aggravated identity theft, the executives allegedly executed a "deliberate and calculated embezzlement scheme," FBI Assistant Director James C Barnacle Jr said. They falsified corporate records for their own financial gain.
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Channel News Asia
Emirates24|7US charges three Malaysian state telecoms officials for multimillion-dollar fraud
Three senior executives at the US subsidiary of Telekom Malaysia allegedly misappropriated over US$20 million from the state telecommunications firm through false statements and forged records on various occasions between July 2020 and February 2026.
Telekom Malaysia says cooperating with US DOJ over alleged misconduct by former TM USA employees
KUALA LUMPUR, May 20 — Telekom Malaysia Bhd (TM) said it will continue to extend its full cooperation with the US Department of Justice (DOJ) concerning former employees of TM USA Inc. The telecommunications company said in a statement today that it had earlier initiated its own investigation pursuant to the suspicion of misconduct by the individuals, which led to their dismissal.“Information from the investigation was then shared with the relev…
US charges Malaysian state telecoms officials for multimillion-dollar fraud
KUALA LUMPUR — The United States has charged three senior employees of Telekom Malaysia (TM) for allegedly misappropriating over US$20 million from the Malaysian state telecommunications firm, the US Department of Justice (DOJ) said on Tuesday.
U.S. Charges Three Malaysian Telecom Executives Over Embezzlement
U.S. has charged three senior employees of Telekom Malaysia (TM) for allegedly embezzling more than $20 million from the state-owned telecom firm, according to the U.S. Department of Justice. Authorities said Mohd Hafiz Lockman, Mohd Yuzaimi Yusof and Khanh Thuong Nguyen, senior executives at TM’s U.S. subsidiary, allegedly used forged records and false statements to […] The post U.S. Charges Three Malaysian Telecom Executives Over Embezzlement …
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