SC charges former investment banker for deceiving investors

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

KUALA LUMPUR: The Securities Commission (SC) has charged Charles Chua Yi Fuan, a former investment banker, for deceiving four investors who suffered losses amounting to RM76,000 between February 2018 to April 2018.

In a statement, the regulator said Chua, formerly vice president of debt markets at Hong Leong Investment Bank Bhd, had represented to the victims that they were investing in purported investment schemes involving subscription of securities, when in fact such schemes did not exist.

Following his deportation by the Cambodian authorities, Chua was brought to the Kuala Lumpur Sessions Courts this morning to face four charges under subsection 179 of the Capital Markets and Services Act 2007 . The charges were read out in two separate courts today. Sessions Court judge Kamarudin Kamsun granted bail at RM300,000, with one surety.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Serba DINAMIK cook the books ? Compound fine with no charges against their directors

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines