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A Batu Pahat p-hailing driver has been charged with 14 offences after his business account was allegedly exploited by fraudsters who swindled two victims of approximately RM590,000 through a fake investment scheme.
A former unit trust consultant has been handed an 18-month prison sentence and fined RM2 million for perpetrating an investment fraud scheme that victimised multiple clients.
Kumpulan Wang Persaraan (Diperbadankan) has disclosed a RM163.4 million loss stemming from fraudulent activities at Indonesian aquaculture startup eFishery, amid broader concerns about due diligence in regional investments.
Prime Minister Anwar Ibrahim has stated that the Retirement Fund (Incorporated) was intentionally deceived into a RM200 million investment in eFishery, even though proper due diligence procedures were carried out beforehand.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin, finding he actively promoted fraudulent investment schemes through seminars and roadshows across the region.