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A former bank analyst has been sentenced to three years imprisonment by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and illegally using professional credentials, marking a significant enforcement action by Malaysia's financial regulator.
A former company director has been sentenced to five years imprisonment after being found guilty of operating an unlicensed fund management business and money laundering activities that defrauded six victims of over RM1.2 million.
Almost 1,700 British investors have launched legal action against Binance in the UK High Court, claiming the exchange illegally marketed unregulated financial products during 2019-2020. Plaintiffs seek £150 million in damages.
A group of 111 investors has taken legal action at the High Court against QEW Group and its directors, seeking recovery of RM20.5 million in investment capital that was not returned as promised.