Consultant absconds with investors’ money


Wanted man: ACP Chandra showing the picture of Raphael Fred.

KOTA KINABALU: Investors who handed over their money to a personal financial consultant from a bank for unit trust investments worth more than RM720,000 were shocked to find out years later that the consultant had absconded with their money.

Raphael Fred, 43, allegedly never even deposited the monies with the bank, and is now missing when his clients wanted to withdraw some dividends upon the maturity of some funds.

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