KUALA LUMPUR (Oct 26): The Securities Commission Malaysia (SC) is returning money to victims of an illegal futures and equity trading scheme ran by three individuals last year. Two other individuals, Afkariah Md Norani and Gurdeep Kaur Nathi Singh, were found to have abetted Kahar in the unlicensed activity. As at Sept 30, 2016, about RM680,677 in Kahar's account has been secured for the purpose of restitution to eligible investors. "[Our investigations] found that these three individuals had illegally solicited monies from the public between July and December 2015, purportedly to invest in a futures and equity trading scheme," the SC said in its statement today. Investors who had invested in the futures and equity trading scheme with Kahar, Afkariah or Gurdeep during the said period are urged to submit their claims, together with necessary proof of investment, to the SC before 5pm on Nov 25 this year.

Source: The Edge Markets October 26, 2016 09:45 UTC