SC to Restitute Victims of Illegal Futures and Equity Trading Scheme
Securities Commission Malaysia (SC) is calling upon members of the public who had invested in an illegal futures trading scheme to file their claims for restitution.
The restitution is pursuant to administrative sanctions imposed against Kahar Mohd Tahir (NRIC. 670215-01-6185) who was found to have carried out fund management activity without a licence. Two other individuals Afkariah Md Norani (NRIC No. 710610-08-6814) and Gurdeep Kaur a/p Nathi Singh (NRIC No. 651228-08-5522) were found to have abetted Kahar in the unlicensed activity.
Investigation by SC found that these three individuals had illegally solicited monies from the public between July and December 2015, purportedly to invest in a futures and equity trading scheme.
If you had invested in a futures and equity trading scheme with Kahar, Afkariah or Gurdeep between July and December 2015, you are urged to submit your claim, together with necessary proof of investment, to SC by 5:00 pm on 25 November 2016.
Investors with any queries regarding the restitution process may contact the Investor Affairs and Complaints Department at 0362048999 or email@example.com.