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QEW has rejected fraud accusations linked to a RM20.45m investment scheme, asserting that all 111 claimants understood the associated risks beforehand. The dispute highlights ongoing tensions between investment firms and stakeholders.
A group of 111 investors have initiated legal proceedings against QEW Group Bhd and its directors, seeking recovery of RM20.45 million invested through what was marketed as a shariah-compliant investment scheme.
A group of 111 investors has initiated legal proceedings in the High Court against QEW Group and its two directors, claiming the company failed to return approximately RM20.5 million in investment capital.