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Prime Minister Anwar Ibrahim pledged to explain KWAP's substantial losses from a fraudulent Indonesian aquaculture investment during tomorrow's Dewan Negara session, dismissing claims that the fund's independence shields government accountability.
Malaysia's Retirement Fund (Incorporated) is actively pursuing recovery of its RM163.4 million investment in eFishery after a major fraud scandal, exploring multiple legal and financial options to recoup losses.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin in an investment fraud case, finding evidence he actively promoted fraudulent schemes.
Prime Minister Datuk Seri Anwar Ibrahim has stated that the Retirement Fund (Incorporated) was misled into a RM200 million investment in eFishery, even though proper due diligence checks were carried out beforehand.
A Singapore man earlier jailed for bribing a security company executive now faces over 100 additional charges linked to a fraudulent investment scheme involving more than S$50 million. The allegations span multiple years and involve false promises of returns.
Police have dismantled a perfume investment fraud operation, arresting six individuals during a raid at KL Eco City. The operation targeted unsuspecting investors seeking returns through luxury fragrance sales.
QEW has denied fraud allegations tied to a RM20.45 million investment scheme, asserting that 111 litigating investors understood the inherent risks involved before committing their capital.
Over 100 investment fraud victims have appealed to police to speed up investigations into 18 companies suspected of operating syndicated scams, with the Malaysia International Humanitarian Organisation coordinating the push for action.
More than 111 investors have launched a High Court action against QEW Group and two company directors, collectively seeking RM20.5 million in return of their investment capital following the scheme's collapse.