Today's top Malaysian news, sport and lifestyle.
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director for repeatedly missing deadlines in submitting audited financial statements, leaving investors without essential information for extended periods.
A former bank analyst has been sentenced to three years imprisonment by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and falsely claiming credentials as a licensed investment professional.
Three brothers have faced charges across separate sessions at Kuala Lumpur courts for conducting unlicensed capital market activities, according to the Securities Commission announcement.
A former company director has been sentenced to five years in prison after being convicted of operating an unlicensed fund management business and money laundering. The case involved six victims who lost a combined RM1.263 million.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin for investment fraud, finding he actively promoted questionable schemes through public seminars and roadshows across the region.
A High Court has ordered an investment holding firm to compensate 39 investors with RM12.8 million after the company failed to deliver promised preferred stock and fixed dividends, rejecting the firm's attempt to invoke the Companies Act.
Nearly 1,700 British investors have filed a high-court lawsuit against Binance, alleging the cryptocurrency exchange promoted unregulated financial products between 2019 and 2020. The claimants are pursuing £150 million in damages.