Securities Commission Malaysia has charged former unit trust consultant Nadihah binti Nawi at the Kuala Lumpur Sessions Court for offences relating to securities fraud involving purported unit trust investments. Nadihah, 34, faces two charges jointly with another individual who remains at large under section 179(b) of the Capital Markets and Services Act 2007, read together with section 34 of the Penal Code. The charges allege she defrauded two investors of RM20,000 between January and June 2022 in Kuala Lumpur by representing that the money would be invested in a unit trust investment in Kenanga Investors Berhad, but instead used the deposited funds for her own unit trust investments in KIB; she was a unit trust consultant with Principal Asset Management Berhad at the time. Nadihah claimed trial, was granted bail of RM70,000 with two local sureties, and must report monthly to the SC’s investigating officer; if convicted, she faces up to 10 years’ imprisonment and a fine of at least RM1 million.
Malaysia Securities Commission 2025-07-30
Securities Commission Malaysia charges former unit trust consultant for alleged RM20,000 unit trust investment fraud
Securities Commission Malaysia has charged former unit trust consultant Nadihah binti Nawi with securities fraud at the Kuala Lumpur Sessions Court. She allegedly defrauded two investors of RM20,000 by misrepresenting unit trust investments in Kenanga Investors Berhad. Nadihah, who claimed trial, faces up to 10 years' imprisonment and a minimum fine of RM1 million if convicted.