PETALING JAYA: The Securities Commission (SC) has charged Razrul Anwar Rusli, 44, at the Kuala Lumpur Sessions Court for defrauding five investors of RM3.159mil for fictitious investments.
In a statement, the SC said Razrul was charged with eight charges under section 179(b) of the Capital Markets and Services Act 2007 (CMSA) for falsely representing to investors that he would invest their monies in a fictitious investment scheme known as “Amal Trust” which purportedly offered Shariah-compliant bonds with high returns.
