In-depth reporting on Malaysia and the region.
Australia's government is implementing sweeping reforms to protect retirement investors following the collapse of Shield and First Guardian funds, which saw 11,000 Australians lose A$1.1 billion in combined savings.
A director of an investment company has been charged with 10 offences related to receiving RM13.4 million in proceeds from unlawful activities, adding to existing criminal breach of trust charges.
The US Securities and Exchange Commission has settled fraud allegations against Adit Ventures Management and its founder Eric Munson over pre-IPO share sales. The firm allegedly misled investors about holdings in companies including SpaceX and Klarna.
Malaysia's Retirement Fund Incorporated (KWAP) has been advised it can pursue civil action to recover RM163 million invested in Indonesian fintech startup eFishery, which allegedly manipulated financial statements to deceive investors.
A former unit trust consultant has been sentenced to 18 months imprisonment and fined RM2 million after being convicted of defrauding investors. The case highlights ongoing compliance lapses in Malaysia's investment advisory sector.
Malaysia's Retirement Fund (KWAP) is actively pursuing recovery of RM163.4 million invested in eFishery following fraud allegations. The move underscores growing scrutiny of pension fund investment governance in Southeast Asia.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin over investment fraud allegations, finding he actively promoted fraudulent schemes through public seminars and roadshows.