Foo Lee Mei News Today

The Malaysian Bar said the refusal of Attorney General’s Chambers to prosecute Serba Dinamik Holdings, which left the Securities Commission no recourse beyond issuing compound notices to the listed firm, was a “dangerous precedent” in the country

KUALA LUMPUR, May 6 — The Malaysian Bar said the refusal of Attorney General’s Chambers to prosecute Serba Dinamik Holdings, which left the Securities Commission no recourse beyond issuing compound notices to the listed firm, was a “dangerous precedent” in the country. In a statement today,...

WE should be concerned that in recent weeks, the work of two important institutions — the judiciary and the Securities Commission Malaysia (SC) — have come under pressure from people not happy with decisions they have made. Indeed, pressure may be too mild a word, as what has happened is akin to intimidation.

VERY rarely is there an exhibit of tension when regulators are going after alleged culprits.

KUALA LUMPUR: The Securities Commission Malaysia (SC) has continued its efforts to raise awareness among investors, including educating them on scams involving investment schemes.