Federal Court allows forfeiture of RM1.11mil from illegal deposit-taking scheme investors


PUTRAJAYA: The prosecution succeeded in its appeal at the Federal Court on Wednesday to forfeit RM1,112,700 from 79 investors involved in an illegal deposit-taking scheme.

The three-man bench comprising Chief Justice Tun Tengku Maimun Tuan Mat, Court of Appeal President Tan Sri Abang Iskandar Abang Hashim, and Federal Court judge Datuk Sri Hasnah Mohammed Hashim overturned the decisions of the Court of Appeal and High Court.

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