Chua, formerly Hong Leong Investment Bank Bhd debt markets vice-president, had represented to the victims that they were investing in non-existent investment schemes involving subscription of securities, the SC said in a statement on Friday.
"The punishment for conviction of an offence under this subsection is an imprisonment term not exceeding 10 years and a fine of not less than RM1 million for each charge,” the SC said.Sessions Court judge Nariman Badruddin granted bail at RM300,000 with two sureties. Both courts ordered Chua to report to the SC’s investigating officer on a monthly basis, the SC said.
The SC continues to remind investors to exercise caution before parting with their monies and when considering investment opportunities.
Pay the fine. No issue kan. 😂
SecComMY Victor and Kenneth deceive millions of BursaMalaysia investors ? Under the big SC carpet ?
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