SC to Refund Swisscash Investor


After more than 3 years of investigation, finally Security Commission (SC) manage to obtain RM31 million from Swisscash investment scam. The money will be used to restitute eligible investors who have suffered losses as a result of the scam.

The restitution will be based on a court sanctioned distribution plan. Once the court’s approval has been obtained, the SC will appoint an administrator to manage the processing of the claims. The first batch of restitution will be made early next year.

To be eligible for compensation, Swisscash investors must produce some documentary evidence of their investments. The documents are in the form of Telegraphic transfer, bank transfer or internet banking transfer slip make to the Swisscash.

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