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My Story, Banks answerable for bum counsel, appeals court rules

Submitted by admin on December 9, 2011

KUALA LUMPUR, Dec 9 — The appellate court has ruled that banks are accountable for financial advice dispensed without “reasonable basis”, according to a Star Online report. In its ruling today, a three-man panel unanimously held that Mayban Investment Management had acted illegally in advocating share purchases in the 2003 reverse takeover of ...