27 Jul - 1 min read
Permodalan Nasional Berhad (PNB) has warned the public to be wary of scammers that are pretending to represent the state-controlled unit trust fund entity.
The public are reminded to be cautious of persons misusing the name or logo of PNB or Amanah Saham Nasional Berhad (ASNB). In addition, PNB warned the public against individuals who may be disguising themselves as PNB officers to request payments, confidential data, or participation in illegal investment activities.
According to PNB, these unsavoury communications may be done via anonymous emails, weblinks, brochures, phone calls, short messaging services, business cards, social media releases, and other channels.
The Securities Commission had earlier added this possible clone entity to its investor alert list on 7 July 2021. The investor alert list entry for “Potential Clone Entity – PNB” read as follows: “Possible clone operating a fraudulent scheme promising returns up to RM53,800 with a minimum investment of RM2,000 within 24 hours. Carrying on unlicensed capital market activities of dealing in securities.”
(Source: The Edge Markets)
Subscribe to our exclusive weekly newsletter and we’ll bring you the week’s highlights of financial news, expert tips, guides, and the latest credit card and e-wallet deals.
Stay tuned for what’s to come next in the personal finance world