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The Securities Commission Malaysia (SC) today started the process of restituting victims of an illegal futures trading scheme by calling upon eligible claimants to file their notice of claims before 5pm, 25 September 2015.
On 12 October 2011, the regulator filed a civil suit against the following seven individuals at the Kuala Lumpur High Court for illegally soliciting monies, purportedly to invest in futures contracts:-
1. Ahmad Fauzi bin Ambran (NRIC Number: 770709-08-5605)
2. Ahmad Nazmi bin Mohamed (NRIC Number: 850521-03-5243)
3. Mohd Shahrul Firdaus bin Zakaria (NRIC Number: 851220-08-5049)
4. Mohd Khalid bin Sujud (NRIC Number: 870516-01-5609)
5. Fakhrul Arif bin Ahmad Husni (NRIC Number: 880526-08-6063)
6. Fakhrul Mukmin bin Ahmad Husni (NRIC Number: 840922-08-5891)
7. Fakhrul Razi bin Ahmad Husni (NRIC Number: 910727-08-6013)
Following its investigation into the illegal scheme, the SC found that the seven had illegally solicited monies from the public between October 2010 and June 2011. On 8 August 2012, a consent judgment was entered into between the said individuals and the SC and a sum of RM665,069 is now available to compensate members of the public who had invested in the illegal scheme.
Eligible claimants are urged to submit their claims, together with necessary proof of investment, to the SC before 5pm on 25 September 2015. More details of the restitution process can be found on the SC’s website at www.sc.com.my/claim.
Upon receipt of the relevant claims, the SC will determine a rate of restitution based on the available funds, total number of claimants and the sums that are proved to have been invested. Members of the public who have any queries regarding the restitution process may contact the Investor Affairs and Complaints Department at 03-62048999 or aduan@seccom.com.my.
