Atlan’s Singapore unit DFI may be a scam victim

Atlan said DFI identified the scam promoting the transfer of funds to the Ghana organisation and to an investment scheme on a Binance platform.

PETALING JAYA: Atlan Holdings Bhd’s Singapore-listed Duty Free International Ltd (DFI) says it could be a victim of a scam involving an organisation or persons possibly based in Ghana that are passing off as DFI.

DFI, a 75.5%-owned subsidiary of Atlan, is primarily involved in the duty-free business in Malaysia for over 40 years and accounted for about four fifths of Atlan’s revenue in the pre-pandemic period.