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Securities Commission Malaysia: Court Ordered RBTR And Five Others To Pay Over RM13 Million In Restitution

Date
05/04/2021
The Kuala Lumpur High Court had on 30 March 2021, ordered RBTR Asset Management Berhad and five other defendants to pay RM13.352 million in restitution for their role in the Euro Deposit Investment (EDI) scheme.

The Court ordered the defendants’ assets be traced and paid to the SC in order to compensate the EDI scheme investors. The Court has also declared that RBTR, who was an SC-licensed fund manager, had breached its obligations and/or duties under the fund manager guidelines and failed to conduct due diligence to safeguard investor monies.
The SC had on 2009 filed a civil suit against RBTR and five other defendants, namely: ....

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