The stories shaping Malaysia, in focus.
A former bank analyst has been sentenced to three years imprisonment by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and misusing professional credentials, marking a significant enforcement action by Malaysia's securities regulator.
Prime Minister Anwar Ibrahim has disclosed that the Employees Provident Fund fell victim to deception in a RM200 million investment in eFishery, even after performing thorough due diligence checks on the controversial fintech venture.
Three brothers have been charged across separate Sessions Court hearings in Kuala Lumpur for conducting unlicensed capital market operations, according to the Securities Commission.
A former company director has been sentenced to five years in jail after being convicted of running an unlicensed fund management operation and money laundering. Six victims lost RM1.263 million in the scheme.
Nearly 1,700 British investors have filed a High Court lawsuit against cryptocurrency exchange Binance, seeking £150 million in compensation for losses incurred through the promotion of unregulated financial products between 2019 and 2020.