Unlicensed futures trader gets 20 years’ jail, RM9mil fine for unlicensed trading, fraud


The Securities Commission of Malaysia building in Kuala Lumpur

PETALING JAYA: The Kuala Lumpur Sessions Court has sentenced Mohd Azhidi Laili to a total of 20 years imprisonment and a fine of RM9mil for unlicensed activities and derivatives fraud.

In a release, the Securities Commission noted Azhidi had falsely represented himself as a futures trader and committed the offences between May 2013 and March 2014.

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