KUALA LUMPUR: The Securities Commission Malaysia (SC) has reprimanded and imposed a RM2mil fine on a former unit trust consultant for deceiving an investor between November 2012 and November 2019, causing the victim to lose RM1.32mil.
In a statement on Friday (Sept 2), the SC said that as part of the deception and in enticing the victim to invest with him, Harani Kamarudin had, among other things, made false representations as to the nature and characteristics of the investments; and also guaranteed certain investment results and returns to the victim, which did not materialise.
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