CNA938 Rewind - The $16 million question: When does a property deal become a securities offence?
A Singapore property agent was convicted for promoting an overseas investment scheme that ultimately cost investors more than S$16 million. But why was the case prosecuted under the Securities and Futures Act instead of being treated as a failed property investment? Hairianto Diman and Susan Ng unpack what legally counts as a security and what businesses and investors should look out for before marketing or investing in overseas opportunities with Hamza Malik, Senior Associate, BR Law Corporation