The stories shaping Malaysia, in focus.
Malaysia is implementing major structural reforms at Tabung Haji, moving investment management under Securities Commission supervision and banning active politicians from its board to prevent future financial crises.
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.
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.
Malaysia's Court of Appeal has unanimously upheld a High Court judgment finding former WCT Bhd deputy managing director Goh Chin Liong and Ara Holdings director Leong Ah Chai liable for insider trading, with combined penalties totalling RM5.83mil.