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Tag: ALX Assets Berhad
Explore the alleged fraudulent asset-backed security (ABS) scheme by YNH Property Bhd's Yu Brothers, potentially causing losses for shareholders and raising concerns about compliance with Malaysia's regulations.
YNH Property's RM500 million asset sale is exposed as shareholder fraud, involving false claims of independence between ALX Assets Berhad and YNH Property Bhd. The YU Syndicate is suspected of involvement in this fraudulent deal.