SC charges exunit trust consultant over RM20,000 investment fraud
Nadihah, 34, faced two charges, jointly with another individual who is currently at large, under Section 179(b) of the Capital Markets and Services Act 2007 (CMSA), read together with Section 34 of the Penal Code.
She was accused of defrauding two investors of RM20,000 by representing a unit trust investment in Kenanga Investors Bhd.
"The offences took place between January and June 2022 in Kuala Lumpur. The monies deposited by the investors were instead utilised for Nadihah's own unit trust investments in KIB.
"Nadihah was a UTC with Principal Asset Management Bhd at the material time," the SC said in a statement.
The SC noted that Nadihah claimed trial to both charges before Sessions Court judge Tuan Izralizam bin Sanusi and was granted bail of RM70,000 with two local sureties.
The court also imposed an additional bail condition requiring the accused to report to the SC's investigating officer at the SC office in Kuala Lumpur on a monthly basis.
However, the court did not order the surrender of Nadihah's passport as it had already expired in 2023.
If convicted, Nadihah faces a jail term of up to 10 years and a fine of not less than RM1 million.
The SC reminded the public to remain vigilant and to verify any investment offers through the SC's Investment Checker.
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