Abstract:The Kuala Lumpur High Court has ruled that a Singaporean businessman, Chan Cheh Shin, must return RM28 million to 122 Malaysian investors after the court determined that his investment operations were conducted illegally.

The Kuala Lumpur High Court has ruled that a Singaporean businessman, Chan Cheh Shin, must return RM28 million to 122 Malaysian investors after the court determined that his investment operations were conducted illegally. The decision highlights the importance of regulatory compliance and investor protection within the financial sector.
The ruling, delivered by Judicial Commissioner Datuk Mohd Arief Emran Arifin, concluded that Chan had collected investment funds without the required approval from the Securities Commission of Malaysia (SC). The court found that Chan's activities violated Malaysian financial regulations, rendering his operations unlawful.
Chan, the director and founder of Fulda Malaysia Bhd, promoted various investment products through roadshows and seminars. These promotional efforts, which began in 2016, targeted Malaysian investors who subsequently invested their money into Fulda Malaysia Bhd and another company, Palau Capital Ltd, based in Singapore, where Chan also held a directorial position.
The plaintiffs in the case alleged that Chan had persuaded them to invest in numerous financial products, including overseas ventures, with promises of substantial returns. They also stated that Chan, reportedly credentialed as a “leading banker” with expertise in finance and investments, assured them that he would carefully manage their funds and personally cover any potential losses. Despite these assurances, the investors received no returns on their investments, prompting them to file a lawsuit in 2022 to recover their money.

In an online judgement, Judicial Commissioner Arief ordered Chan to repay the RM28 million to the 122 investors. Additionally, Chan is required to pay interest at a rate of 5% per annum on the amount owed, calculated from the date the lawsuit was filed until the judgement sum is fully settled.
The plaintiffs were represented by lawyers M. Manian and R. Gajelan, while Chans legal defence was handled by Ravi Nekoo and Sarah Anthony. Following the ruling, Ravi Nekoo indicated that his client intends to appeal the decision, though further details on the appeal process were not disclosed.


PURPLE TRADING, a Seychelles-based forex brokerage entity, is constantly criticized by numerous traders on review platforms such as WikiFX. While withdrawal delays or denials are reportedly a common issue here, there are also complaints about wide spreads and poor customer services. This PURPLE TRADING review examines user-reported allegations against the trading enterprise. Additionally, the article takes a close look at the broker’s regulatory status.

Exness review for Indian traders in 2026. This guide explains what the RBI Alert List says, what it does not say, why a global license is not Indian authorization, and how to verify permitted forex routes before funding an account.

HSB Investasi review 2026: check the Instant Withdrawal claim, the IDR 14 million per-proposal limit, the three-request daily cap, transfer costs, transaction statuses, and what Bappebti data does—and does not—tell traders.

A branded trading platform can look like the fastest route to a modern branded trading environment, but a fast launch is not the same as a controlled launch. This 2026 broker guide explains what the custom trading platform is, where a provider broker solution can sit in a wider operating stack, and how to evaluate the difference between a white label, a server license, and a connected CRM or Client Office setup. It also unpacks proprietary platform costs beyond the monthly headline, including implementation, integration, support, data, governance, migration, and exit assumptions. Use the practical questions, workflow tests, comparison table, and launch checklist to assess a platform provider without mistaking a feature demo for evidence that your brokerage can run the service safely at scale.