QEW Denies Fraud Allegations Over RM20.45m Investment Scheme
Investment company QEW has rejected fraud allegations linked to a RM20.45m scheme, contending that 111 investors who launched legal action understood the associated risks beforehand.
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111 investors pursue legal action against QEW Group over RM20.45mil losses
A group of 111 investors has launched legal action against QEW Group Bhd and its directors over alleged losses of RM20.45 million from a Shariah-compliant investment scheme, raising fresh concerns about oversight of Islamic finance products.