Hafiz Lockman, Yuzaimi Yusof, and Khanh Thuong Nguyen, who were senior executives at TM’s US subsidiary, are accused of using false statements and forged records to siphon funds from the company and deceive counterparties, suppliers, auditors, and supervisors in the US between July 2020 and February 2026, authorities said.
“These three individuals are alleged to have carried out a deliberate and calculated embezzlement scheme, falsifying corporate records for their own financial gain,” FBI assistant director in charge James C Barnacle Jr said in a statement.
Hafiz was arrested at San Francisco International Airport, while the other two defendants surrendered to authorities last month. The trio have been charged with wire fraud conspiracy, wire fraud, and aggravated identity theft, the DoJ said.
Hafiz, Yuzaimi, and Nguyen could not be immediately reached for comment. TM also did not immediately respond to a request for comment.
The DoJ said it declined to bring charges against TM itself after the company self-reported the criminal conduct and pledged to cooperate with authorities.
Reuters reported in March that the department was introducing a policy to encourage companies to report criminal misconduct in exchange for reduced penalties and other benefits.
According to the US indictment, the defendants are accused of diverting millions of dollars from TM into bank accounts they controlled.
On one occasion, TM was asked to approve the sale of eight terabytes of capacity to a US multinational for US$54 million (RM214.7 million), when in fact only six terabytes were purchased.
The defendants allegedly sold the excess capacity to other companies, diverting proceeds through a shell entity, the DoJ said.
They were also accused of inflating the cost of cable purchases and redirecting nearly US$2.9 million (RM11.5 million) in payments to a bank account they controlled, as well as claiming reimbursements for fabricated work expenses.
The three also allegedly impersonated employees and interns to collect salaries, and on one occasion, used an AI-assisted impersonation tool to deceive human resources staff, the DoJ said.