Kuala Lumpur, 15 July 2026 – The Kuala Lumpur Sessions Court has sentenced former Kyaputen Sdn Bhd director Muhamad Fadzli Jamaludin to five years in prison after convicting him of unlicensed fund management and money laundering offences linked to RM1.263 million in investor losses.

The judgment followed a joint trial involving three charges of conducting a fund management business without a licence and nine money laundering charges. Six victims testified that they had collectively lost RM1.263 million through activities carried out between August 2018 and April 2020 in Kuala Lumpur and Melaka.

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Abigail Cheong
I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.