SSM raid date palm investment scheme

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.04 percent to 2,630 ringgit ($613.48) at the close of trade. It earlier rose to 2,654 ringgit, its highest since Aug. 1. Traded volumes stood at 32,666 lots of 25 tonnes each at the end of the trading day.

KUALA LUMPUR: The Companies Commission of Malaysia (SSM) and police raided the premises of a company offering investment schemes based on date palms on Wednesday.

The raid saw 10 SSM officials entering the Mid Valley office of “Date Palm Agro Berhad and Safawi Agro Farm” accompanied by the police.