Company, director charged with offering RM15mil worth of preference shares to the public

KUALA LUMPUR: A company and its director, a Singaporean, have been charged in the Sessions Court here on four charges of offering RM15mil worth of Islamic Redeemable Preference Shares (iRPS) to the public between August 2020 and August 2021.

The Companies Commission of Malaysia (SSM), in a statement, said FGP Ventures Sdn Bhd and Khemlani Satesh, 62, were charged on Nov 28.