KUALA LUMPUR, Oct 24 (Bernama) -- The Companies Commission of Malaysia (SSM) today raided three companies suspected of offering investments in illegal land investment schemes.
The raids were conducted simultaneously at the UK Land International (M) Sdn Bhd, Profitable Plots Sdn Bhd and Edgeworth Properties (Malaysia) Sdn Bhd.
The companies had allegedly contravened sections 94 and 363 of the Companies Act 1965.
In a statement, SSM said it had conducted surveillance on the companies over the past couple of months.
(Via Malaysian National News Agency. To read the full story, click here)