Fast, factual wire coverage from across Malaysia and the region.
An investment company director facing earlier criminal breach of trust charges has been brought before the Sessions Court to answer 10 fresh charges related to receiving RM13.4 million in suspected proceeds from unlawful activities.
A former unit trust consultant has been sentenced to 18 months imprisonment and fined RM2 million for investment fraud, marking a significant regulatory enforcement action in Malaysia's financial services sector.
Police in Melaka have arrested 21 Chinese nationals suspected of operating a fraudulent investment scheme that deceived victims into transferring money for non-existent opportunities. The busts represent a significant crackdown on organised financial crime.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin, finding evidence that he actively promoted investment fraud schemes through public seminars and roadshows targeting investors.
A Singapore man convicted of bribery in June now faces more than 100 additional charges related to a fraudulent investment scheme allegedly involving S$50 million. Nazarisham Mohamed Isa, 47, is accused of operating shell companies that promised returns but generated no legitimate income.