buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

apple developer account for sale :Court orders six to pay RM13.4mil over EDI scheme

admin2021-04-2718

buy apple developer account

if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.

,“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 said.

PETALING JAYA: RBTR Asset Management Bhd and five others have been fined RM13.4mil in restitution for their role in the Euro Deposit Investment (EDI) scheme.

The Securities Commission (SC) said this was according to an order issued by the Kuala Lumpur High Court on March 30.

“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 capital market regulator said in a statement.

The SC had on 2009 filed a civil suit against RBTR and five other defendants, namely Locke Guarantee Trust Limited (LGT), New Zealand; Locke Capital Investments Ltd (LCI), British Virgin Island; Isaac Paul Ratnam; Joseph Lee Chee Hock; and Nicholas Chan Weng Sung.

The SC had, on May 17,2012, revoked RBTR’s Capital Markets Services Licence.

“The civil suit was filed following the SC’s investigations in August 2009 into the EDI scheme, after receiving complaints from investors. A total of 106 investors were misled into participating in the scheme which promised, among others, an annual return of 8% to be paid upon maturity. Investors had been led to believe that their investments were deposited into an AAA-rated European bank with full capital and income protection, ” it said.

A total of RM13.4mil, in particular investments maturing in February 2009 to May 2009, was unpaid.

The EDI scheme was marketed by RBTR together with LGT and LCI, both of which held themselves as a fund manager in Malaysia in association with RBTR.

The other defendants, Chan and Lee, were directors of LGT and LCI, while Ratnam was an individual associated with the operations of the two companies.


转载说明:本文转载自Sunbet。

Reviews

Popular tags