Civil Action in 2012 - Civil Actions and Regulatory Settlements

Civil Action in 2012

No.	Breach	Defendants	Brief facts of the case
1.	Carrying on a business of trading in futures contract or fund management without licence [s. 58 and s.59 of the CMSA]	Ahmad Nazmi Bin Mohamed Mohd Shahrul Firdaus Bin Zakaria Mohd Khalid Bin Sujud Fakhrul Arif Bin Ahmad Husni Fakhrul Mukmin Bin Ahmad Husni Fakhrul Razi bin Ahmad Husni Ahmad Fauzi bin Ambran	The defendants were alleged to have solicited monies from the public for the purpose of purportedly trading in futures contracts when in fact they had no licence to do so. On 7 April 2011, the SC filed a civil action against all the defendants for a sum of RM2.3 million which they were alleged to have collected from the public pursuant to the illegal activities which they had carried out. The case proceeded to trial where 7 investors testified for the SC. On 8 August 2012 the Defendants consented for judgment to be entered against them for the entire sum claimed. Attachments: Originating Summons (pdf) Affidavit- Plaintiff (pdf) Concent Judgment (pdf)

No.

Breach

Defendants

Brief facts of the case

Carrying on a business of trading in futures contract or fund management without licence [s. 58 and s.59 of the CMSA]

Ahmad Nazmi Bin Mohamed
Mohd Shahrul Firdaus Bin Zakaria
Mohd Khalid Bin Sujud
Fakhrul Arif Bin Ahmad Husni
Fakhrul Mukmin Bin Ahmad Husni
Fakhrul Razi bin Ahmad Husni
Ahmad Fauzi bin Ambran

The defendants were alleged to have solicited monies from the public for the purpose of purportedly trading in futures contracts when in fact they had no licence to do so. On 7 April 2011, the SC filed a civil action against all the defendants for a sum of RM2.3 million which they were alleged to have collected from the public pursuant to the illegal activities which they had carried out. The case proceeded to trial where 7 investors testified for the SC. On 8 August 2012 the Defendants consented for judgment to be entered against them for the entire sum claimed. Attachments:

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