Clear, modern coverage of Malaysian news and analysis.
Australia's government is overhauling retirement fund regulations following the collapse of Shield and First Guardian, which wiped out A$1.1 billion in savings for 11,000 investors through predatory sales practices.
A former unit trust consultant has been handed an 18-month prison term and RM2 million fine for perpetrating an investment fraud scheme that deceived multiple clients through misrepresentations.
Malaysia's armed forces pension fund KWAP has suffered a RM163.4 million loss stemming from fraud at Indonesian aquaculture startup eFishery, prompting the fund to detail remedial action and reassure members.
Prime Minister Anwar Ibrahim has committed to explaining the Employees Provident Fund's substantial investment losses in Indonesian aquaculture technology company eFishery during parliamentary proceedings, despite KWAP's independent status.
Law enforcement authorities in Melaka have arrested 21 Chinese nationals accused of orchestrating a fraudulent investment scheme. The operation targeted victims through deceptive promises of financial returns.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin, finding he actively promoted investment fraud through seminars and roadshows across the region.
A Singapore businessman already serving time for bribery offences has been slapped with more than 100 fresh charges related to a massive fraudulent investment scheme worth over S$50 million, with authorities alleging the companies involved had no legitimate business operations.