Lawyers: Host of loopholes being used to scam investors


PETALING JAYA: Lawyers say unscrupulous companies have a host of loopholes to scam naive investors.

For instance, companies may structure contracts as an investment rather than a sale and purchase, meaning customers have to agree that the investment can fail, leaving them with nothing in hand, said lawyer Yudistra Darma Dorai.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Courts & Crime , scam , forex

   

Next In Nation

Johor cops nab 40 people and issue over 500 summonses in two-day ops
Ariah a trailblazing beacon for Sabah women
Brace for thunderstorms and heavy downpour in several states, warns MetMalaysia
Housing and Local Government Ministry to use online ambassadors to promote its services
Man who went missing while fishing found drowned in Tawau
Man stands in traffic after fender-bender, dies after being hit by third car near Lahad Datu
Telco cable thefts: Govt to consider heavier penalties, Fahmi
Sultan of Selangor and Tengku Permaisuri extend Hari Raya Haji greetings
Senior citizen, granddaughter lost near Kuala Kubu Baharu found safe and sound
Cameron Highlands needs strict zoning laws, says environmental group

Others Also Read