Sharp, essential news and analysis from Malaysia.
Investors have filed a federal lawsuit against Selena Gomez, claiming she misled them about her involvement in Wondermind Global, a mental-health start-up that failed to deliver on key promises including a mobile app.
A former unit trust consultant has been sentenced to 18 months imprisonment and fined RM2 million for perpetrating investment fraud. The case highlights ongoing vulnerabilities in Malaysia's financial advisory sector.
A former bank analyst has been sentenced to three years in prison by the Kuala Lumpur Sessions Court for conducting unlicensed securities dealing and fraudulently using a unit trust consultant title.
Three brothers have been prosecuted across separate Kuala Lumpur Sessions Courts for conducting unlicensed capital market operations, marking another enforcement push by Malaysia's securities regulator against unauthorised trading.
A former company director has been convicted and sentenced to five years in jail for conducting unlicensed fund management operations and money laundering activities that defrauded investors of over RM1.26 million between 2018 and 2020.
A US federal judge has rejected Elon Musk's attempt to overturn a jury verdict that found him liable for defrauding Twitter investors during his $44 billion acquisition of the platform in 2022, though he was cleared on one tweet.