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A titan of industry, a massive hotel chain, and a deception
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that cost millions of dollars. On June 26, 2024, the Securities Commission
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of Malaysia took action. They targeted the prominent tycoon Dato' Dr.
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Yu Kuan Chon. He was accused of orchestrating a wash trade scheme to manipulate Shangri-La
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Market shares. The SC is seeking over 26 million Ringgit and a five-year ban
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from corporate boardrooms. In the world of high finance, the line between strategy and manipulation
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is often thin.
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