Business

Federal prosecutors indicted Reinaldo and Jean Wilson, owners of Advantage Choice Care and Tele Medcare, for a $56 million healthcare fraud scheme. The couple allegedly accepted bribes from medical firms, recruited healthcare providers to order medically unnecessary orthotic braces, and submitted fraudulent Medicare reimbursement claims across multiple locations.

Japanese gaming company Nintendo confirms coronavirus will impact product manufacturing and delivery, with Foxconn factories in China closed and potential shortages of Nintendo Switch and Ring Fit Adventure game.

Airbnb has banned individuals under 25 from booking entire properties in Canada following a tragic incident in Toronto. The move has drawn criticism for broadly punishing young adults, with analysts suggesting the company should focus on improving security measures instead of implementing blanket restrictions.

International law firm Appleby faced severe criticism after the Paradise Papers leak, which exposed 13.4 million confidential documents detailing offshore financial activities of wealthy and influential individuals from 1950 to 2016, raising significant questions about financial transparency and potential regulatory breaches.

Mike Lynch, former Autonomy CEO, arrested over allegations of fraudulently overstating company's value before HP's £8.4bn acquisition in 2011. Prosecutors claim Lynch and executives inflated profits for three years, causing HP to significantly overpay for the company.

A senior Goldman Sachs executive, Andrea Vella, has been permanently barred from banking after regulators found he arranged bond issues for 1MDB while failing to disclose crucial information about Malaysian financier Low Taek Jho's involvement in potentially fraudulent transactions.

Chinese tech giant TCL will cease manufacturing BlackBerry-branded Android devices in August 2020, concluding a partnership that helped revive the once-struggling smartphone brand.

The Organization of the Petroleum Exporting Countries (OPEC) and allies have rescheduled their meeting earlier than planned to address the sharp decline in oil prices caused by coronavirus concerns. The joint technical committee will convene in Vienna from February 4-5 to evaluate potential production cuts in response to economic uncertainties.

Singapore has revised its Global Investor Programme (GIP) to simplify permanent residency applications for successful businessmen and entrepreneurs. The Economic Development Board aims to strengthen the country's financial sector and attract innovative investors by streamlining the process for global business leaders.

International companies voluntarily suspend operations in China to mitigate coronavirus transmission, with over 200 deaths and nearly 10,000 global infections reported. Automobile and tech giants lead proactive business closures.