According to court documents, Goh’s father, Goh Toh Heng, 79, who had represented himself as a director of an Indonesia-incorporated company called PT Abby Resources Minerals, is linked to the case.Between December 2014 and July 2016, PT Abby offered investment schemes marketed by Prosperity Ventures to investors in Singapore.
The investment agreements assured investors of a guaranteed return of the principal sum at the end of the investment periods. Among other things, the agreement falsely represented that PT Abby owned two Indonesian plantations, and that it was the sole owner of the teak trees.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shopee's parent company, Sea, expanding investments in Malaysia, creating 2,000 jobsSingapore-based Sea will also open a cloud computing project in the Johor town of Kulai. Malaysia government need to create 100,000 jobs.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
$11.8m in cold, hard cash: Chinese company gives employees hefty bonuses using 'mountain of money'We've heard of companies rewarding employees with massive bonuses, but giving out the money in cold, hard cash? In China, employees recently took turns to go on stage and collect their year-end bonus from a two-metre-tall 'mountain' containing 61 million yuan (S$11.8 million) worth of banknotes. This was the scene of a viral video posted on Jan 17, which has...
Source: asiaonecom - 🏆 10. / 59 Read more »
Who is India's Adani and why is his company tanking?MUMBAI: The business empire of Gautam Adani has shed tens of billions of dollars in value on the back of a report alleging accounting fraud that the Indian tycoon's firm has strenuously rejected. Who is Gautam Adani? Adani, 60, is a publicity-shy school dropout of humble origins wh
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »