WITH many opportunities to make money via investments, the public has a lot of choices to choose from.
These scams – mostly involving private placement offerings – are usually timed with upcoming IPO listings published on Bursa Malaysia’s website. "Following this, potential victims will be added into said group unsolicited," SC said in a statement."Payments for the ‘subscription’ will be required to be made to bank accounts of entities not related to the IPO and suspected of being mule bank accounts.
"The SC views this matter seriously and will continue to monitor and take appropriate action against such investment scam activities," it said.
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