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Friday, November 13, 2009

NIZAR TERKINI : SC DAPAT KEMBALI RM31JUTA DUIT SWISSCASH

The Securities Commission Malaysia (SC) has entered into the largest settlement in its history involving a sum of approximately RM31 million. The milestone payout, made possible following a consent judgment entered with two Swisscash investment scam defendants, will be used to restitute eligible investors who have suffered losses as a result of the scam.

The judgment, entered with Albert Lee Kee Sien, marked the culmination of three years of intensive efforts by the SC in pursuing the perpetrators of the Swisscash scam which involved cross-border investigations spanning seven countries and cooperation from foreign regulators. So far, some 3,000 people have lodged complaints to the SC alleging losses in the scheme.

The restitution will be carried out based on a court approved distribution plan. Once the court's approval has been obtained, an administrator appointed by the SC will manage the processing of claims.

In order to be eligible for the restitution, investors must produce documentary proof of their principal investments. Other criteria include whether they continued to invest in the scheme despite the SC's warnings. Investors who were also recruiters or upliners in the scheme would not be eligible. The SC will soon publish a notice setting out the process for Swisscash investors who have yet to register their claims.

Sumber @ http://www.sc.com.my/main.asp?pageid=379&linkid=2314&yearno=2009&mod=paper

KOMEN : AKU TAK PERNAH DENGAR PULAK SWISSCASH NI. CERAMIC WORLD ADALAH DENGAR TAPI TAK JOIN PUN.

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