MALAYSIA: The Securities Commission Malaysia (SC) charged Razrul Anwar Rusli for defrauding five investors of RM3.16 million (US$732.751.15)-worth of fictitious investments in Amal Trust, which purportedly offers Shariah compliant investment opportunities with high returns. If convicted, Razrul will face a jail term of up to 10 years and a fine of up to RM1 million (US$231.866.47). Razrul has also been charged for unlicensed capital market activities.
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