- Breach of the Guideline on Compliance Function for Fund Managers.
[Section 360 CMSA]
- Fraudulently inducing persons to deal in securities.
[Section 87 (1) of the SIA and Section 178(1) of the CMSA]
- Carrying out a regulated activity without a licence.
[Section 15A SIA/Section 58 CMSA and Section 15B SIA and Section 59 of the CMSA]
- RBTR Asset Management Bhd (RBTR)
- Locke Guaranty Trust Limited, New Zealand (LGT)
- Locke Capital Investments Ltd, British Virgin Island (LCI)
- Al Alim bin Mohd Ibrahim
- Valentine Khoo
- Isaac Paul Ratnam
- Nicholas Chan Weng Sung
- Joseph Lee Chee Hock
|On 23 January 2013, the SC filed a civil action against RBTR Asset Management Bhd (RBTR) and seven other defendants for various breaches of the securities laws. The SC is seeking, among others:
- An order that the defendants make restitution of RM13.35mil to the Euro Deposit Investment (EDI) scheme investors who had not been repaid their investments;
- An order that the defendants’ assets be traced and paid over to the SC for purposes of compensating the EDI scheme investors;
- An order that two of the defendants, Al Alim bin Mohd Ibrahim (Al Alim) and Valentine Khoo be barred from being a director of any public listed company for a period of 10 years;
At the material time, Al Alim and Valentine Khoo were directors of RBTR and holders of the SC’s Fund Manager’s Representative Licence.