Nepal cancels United Telecom's licence and moves on Rs 8.05bn in unpaid dues
UTL's basic telephone licence was automatically cancelled on September 5, 2026, and Nepal's regulator is seizing assets to recover Rs 8.052 billion in dues.
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300 RECENT CASES · REGULARLY UPDATEDSocGen shut its Singapore commodity desk after lending US$240M to Hin Leong
Burned by oil trader Hin Leong's collapse, SocGen dismissed its Singapore trade-finance front office and pushed Asian coverage to Hong Kong.
Read the caseShopee's Philippines ambassador pick put #ByeShopee atop Philippine Twitter
Naming a Marcos campaign host as brand ambassador made Shopee the Philippines' top Twitter trend — for a boycott, with about 340,000 tweets.
Read the caseCBI booked Shakti Bhog Foods for a Rs 3,269 crore fraud on ten banks
The flour maker claimed Rs 3,000 crore of stock was pest-damaged; bank audits found warehouses fully stocked, insurance never claimed, and funds round-tripped.
Read the caseSete Brasil's $25B drillship venture for Petrobras ended in bankruptcy
Created in 2010 to build 28 drillships for Petrobras, Sete Brasil never recovered from the Lava Jato corruption scheme and was declared bankrupt in 2024.
Read the caseSchneider shed €15 billion in a day agreeing to pay $22.6 billion for PTC
The $205-a-share, 42.3% premium deal wiped €15 billion off Schneider's market value in one session — more than twice the premium itself.
Read the casePague Menos admits its digital checkout choked on GLP-1 pen demand in Q2
CEO Jonas Marques told analysts 'we made a mistake': a Vtex update broke checkout payment just as GLP-1 pen demand boomed, and the quarter's sales leaked away.
Read the caseNodus Bank's chairman looted $23.6M from his own bank — 62 months
Juan Francisco Ramirez secretly routed bank funds through a Miami lender to himself, helping collapse the Puerto Rican bank; forfeits $13.6M.
Read the caseMcDonald's Brazil named a burger McPicanha — it contained no picanha
Four regulators came asking, McDonald's pulled both McPicanha sandwiches nationwide, apologised for the name — and relaunched the burger under a new one.
Read the caseKahf's 'different level' flag post put Indonesia above Malaysia — boycott followed
Kahf's Instagram joke ranking Indonesia above other countries went viral for the wrong reason: Malaysians cancelled orders and binned their products.
Read the caseInfluencer Imvely apologised for moldy pumpkin juice — then deleted the complaints
The 848,000-follower fashion influencer's mall sold moldy juice, promised full refunds, and allegedly buried complaints — cover-up turned product into scandal.
Read the caseGrosvenor Casinos paid £5M after AML lapses let crypto funds slip past checks
A Gambling Commission review found outdated AML controls, unexamined crypto source-of-funds and missed risk flags; Grosvenor settled with £5,012,261.
Read the caseGrab paused its driver bonus overhaul after its own drivers' association revolted
The Grab Monthly Bonus cut payouts for 300–499-trip drivers to as little as S$0–50 in cash; the NPHVA went public on Monday and Grab hit pause by Wednesday.
Read the caseBreathomix's Covid breath test cleared infected people — health boards shelved it
After a multi-million euro investment, false negatives in Amsterdam drained confidence in the SpiroNose and most units ended up in storage.
Read the caseBombril pulled its 68-year-old Krespinha sponge brand after racism callouts
As pandemic demand surged, Brazil's steel-wool maker retired a 1952 sponge brand called out on social media for evoking racist culture.
Read the caseUK bans the first ads for oral weight-loss pills — one ran before the drug existed
The ASA's first oral GLP-1 rulings banned five online pharmacies from promoting prescription weight-loss pills — one ad ran before the drug was even licensed.
Read the caseAmerican Hospitality REITs filed Chapter 11 as audits surfaced founder self-dealing
The hotel REITs behind the SEC's 11-hotels case entered bankruptcy with no DIP loan as a forensic audit surfaced $4.5M of unrecorded founder stock.
Read the caseAir India Express denied boarding with no reason — and was ordered to pay Rs 70,287
A mother and her three-year-old were kept off a confirmed 2021 Kochi-Abu Dhabi flight and made to buy new tickets; the Thrissur commission awarded Rs 70,287.
Read the caseABN Amro retreats from non-European banking after €591M of CIB bad-loan provisions
After a €703M provision quarter — €591M from CIB, including Wirecard loans — the bank cut 800 CIB jobs and ended all non-European corporate banking.
Read the caseWagamama's New Zealand franchises wound up — outflanked by cheap, authentic rivals
Two Wagamama franchisees went into liquidation and the chain shut its New Zealand stores, undone by price, prime-site rents and the franchise model itself.
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