Former bank VP faces 13 charges for deceiving investors: SC


KUALA LUMPUR: The Securities Commission (SC) today charged former investment banker Charles Chua Yi Fuan for deceiving seven investors who suffered losses of nearly RM1.67 million between July 2017 to May 2019.

Chua, formerly Hong Leong Investment Bank Bhd debt markets vice-president, had represented to the victims that they were investing in non-existent investment schemes involving subscription of securities, the SC said in a statement on Friday.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

House plan sets tax harbour for some stablecoins
Oil advances as US tightens Venezuela blockade
Call to rebuild fiscal buffers
Fitch pushes Gabon’s rating deeper into junk
Store expansion, earnings growth to underpin MyNews positive outlook
Fifth straight week of buying by local institutions
George Kent wins RM34.5mil LRT contract
Swiss court to hear landmark climate case against cement giant
Uber, Baidu to start joint UK robotaxi trials
Paramount eyes 10% ROE on asset optimisation

Others Also Read