Three former senior managers at Telekom Malaysia (US) Incorporated have been indicted for allegedly misappropriating more than US$20 million (about RM79.5 million), the US Attorney’s Office for the Southern District of New York said.

Three Ex Senior Managers Indicted Over US$20 Million Telecom Fraud

Authorities charged Hafiz Lockman, Yuzaimi Yusof and Khanh Thuong Nguyen with conspiracy to commit wire fraud, wire fraud and aggravated identity theft. Allegations include false expense claims, unauthorized sales of broadband capacity with proceeds diverted to accounts they controlled, and fake supplier invoices.

Prosecutors say the scheme also involved payroll fraud, including collecting wages for a deceased employee. Telekom Malaysia reported the misconduct after an internal probe; federal investigations are ongoing.