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A 29-year-old p-hailing driver in Batu Pahat was charged with 14 offences for allegedly allowing a fake investment syndicate to exploit his company account to defraud two victims of nearly RM590,000.
A former unit trust consultant received an 18-month prison sentence and RM2 million fine for defrauding investors. The case highlights ongoing vulnerabilities in Malaysia's investment sector and regulatory oversight challenges.
Malaysia's public sector pension fund KWAP has disclosed a RM163.4 million loss from fraud at Indonesian aquaculture firm eFishery, detailing its response strategy and steps to protect stakeholder interests.
Police in Melaka have arrested 21 Chinese nationals suspected of orchestrating a sophisticated investment fraud operation. The bust highlights growing transnational cybercrime threats across Southeast Asia.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singapore businessman Chan Cheh Shin, finding he actively promoted investment fraud schemes at public seminars and roadshows across the region.