Malaysian-Born Ex-CEO Accused of Embezzling US$700 Million to Fund Lavish Lifestyle
WASHINGTON – Patrick James, a Malaysian-born entrepreneur and founder of the U.S.-based auto parts company First Brands, has been accused of embezzling more than US$700 million (RM2.9 billion) from the company to finance a lavish lifestyle. The lawsuit, filed in the U.S. Bankruptcy Court for the Southern District of Texas, alleges that James misused corporate funds to purchase 17 exotic cars,…



















