Triad-branded beer, anyone? Wan launches his latest “Hongmen” product. (Image: Kharon)
The Straits Times reports the 65-year-old head of the 14K triads is currently wanted in Malaysia for fraud. That’s after he allegedly failed to transfer $1.4 million in shares in Malaysia Bursa-listed computer software company Inix to a third party, as had been agreed.
In August last year, Inix surprised the country’s business community by introducing Wan as its new non-executive chairman, an appointment that lasted all of four months.
In December, the US Treasury Department announced sanctions against Wan for spreading his triad criminal network through Southeast Asia and across China’s Belt and Road economic bloc.
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