10.4.08

Stuckk....

SC files suit against Repco Low, 9 others over Iris share fraud

KUALA LUMPUR: The Securities Commission had launched a landmark civil suit against eight foreign parties and two Malaysians over the manipulation, market rigging and fraud of Iris Corporation Berhad shares. The SC said on Wednesday that it had also sanctioned two stockbroking companies and two dealer’s representatives involved in the case.The two Malaysians named in the civil suit are Datuk Tan Mong Sing and Low Thiam Hock who is popularly known as Repco Low. The foreign defendants included five companies and their three officials. They are Aeneas Capital Management, L.P.; Priam Holdings Ltd; Aeneas Evolution Portfolio, Ltd; Aeneas Portfolio Company, L.P and Acadian Worldwide Inc.

The company officials included Thomas R. Grossman (managing partner, investment manager and portfolio manager of Aeneas Capital Management); Richard Benjamin Cohen (research analyst cum Malaysian investments trader of Aeneas Capital Management) and John Suglia (principal and chief operating officer of Aeneas Capital Management).
“The civil enforcement approach enables the SC to seek various reliefs from the High Court including injunctions, compensation, restitution and declaratory orders,” the SC said.
* More on this at :
Oh my God...This was what I had in mind when I heard the sms via my phone and the news later on. At the rate of how the shares are going I wondered if I ever gonna get my money out...I'M STUCK...Bad move, shesh...Looks like it's gonna stay there for good. When I thought it's not gonna get any lower, it went right downnn!! Bought at 24 cents/ share, now it's down to 12 cents!! Lalalala...

5 comments:

TY23 said...

12sen paper loss ok lagi.. Saya ada hold satu share with 30sen paper loss punye.. Hehehe Padahal hari2 tgk itu screen hahaha

Eddina said...

kuikuikui...i think i am sooo not the investor type lah...too complicated for me huhu...

shidah said...

masuk public mutual je..islamic fund..

shidah said...

masuk public mutual je..islamic fund..

Eddina said...

Itulah...baru nak berjinak2... :-)