KUALA LUMPUR: The Securities Commission’s (SC) Audit Oversight Board (AOB) has prohibited Sathiea Seelean Manickam from accepting as clients and auditing any public interest entities (PIEs) or schedule funds for a one-year period, starting Oct 22, 2024. In a statement, SC said the AOB imposed a fine of RM87,500 on Sathiea. Sathiea was a partner of Morison...
KUALA LUMPUR: The Securities Commission (SC) Malaysia has updated its Investor Alert List to include 19 potential clone entities and eight unauthorised entities as of Oct 18, 2024. In a post on X today, the SC urged investors to be cautious of potential clone entities that may be impersonating legitimate firms. The regulator identified the potential clone...
KUALA LUMPUR: This year, the majority of the 4,355 investment scam cases in Malaysia have been linked to schemes advertised on social media sites and chat applications, says Comm Datuk Seri Ramli Mohamed Yoosuf. The director of the Bukit Aman Commercial Crime Investigation Department (CCID) reported that 82%, or 3,574 cases, began with advertisements on social...
PETALING JAYA: Tun Dr Mahathir Mohamad claims that graft busters are saying that he has committed an offence under Section 23 of the Malaysian Anti-Corruption Commission Act, according to a notice sent to his son. The former prime minister said this was despite Inspector-General of Police Tan Sri Razarudin Husain stating that he was not being...
