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A former bank analyst has been sentenced to three years in prison by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and falsely claiming a Unit Trust Consultant title, marking a significant enforcement action by Malaysia's Securities Commission.
A US federal judge has rejected Elon Musk's attempt to overturn a jury verdict finding he defrauded Twitter investors during his $44 billion acquisition. Damages could total approximately $2.5 billion.
A Malaysian High Court has issued a domestic Mareva injunction freezing approximately RM14 million in assets belonging to the East West group, an oil palm conglomerate, pending the outcome of a civil suit brought by its investors.
A group of 111 investors has initiated legal proceedings against QEW Group Bhd and its directors, alleging losses of RM20.45 million from a Shariah-compliant investment scheme. The case highlights growing concerns among retail investors in Islamic finance products.
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.