There is a difference between fraud and a failed business venture.

The company directors had already put their claims about that investment scheme in the prospectus for potential investors to read and understand about the scheme and its associated risks before they planned to join.

It could very well be that (the director(s) of the company) actually had this whole idea and genuinely wanted to get this plantation thing going, and it just didn’t work out,

If this case was deemed to be a failed business venture, it is unlikely that investors can get back their money.

Investors would find it tough to get cogent evidence that the whole project was set up with intention to fraud.

This post has been edited by MUM: Sep 26 2024, 06:05 AM

If those schemes are regulated and licensed in Malaysia, Then what are the action of the local authorities like SC had taken?

Can even try civil claim against the Directors for false representation or fraud if that is the case.

Mind sharing the names of those schemes that are licensed/approved by SC to offered guaranteed schemes yet did not fulfilled it?

If investors had joined those unlicensed or unapproved schemes regulated by SC or BNM, ....then can say bye bye to their money.
Investments offered by Xfox is an example.

This post has been edited by MUM: Sep 26 2024, 12:03 PM