If only the depositors bothered to google “Sunshine Empire”, they might have been able to look up on some information published about SunShine Empire’s operation in Singapore. I am not sure if they are at all related, but with such similar names, it would have been enough to sound off the alarm bell.

On 13 March 2009, Bank Negara Malaysia charged Sunshine Empire Sdn. Bhd at the Kuala Lumpur Sessions Court under section 25(1) of the Banking and Financial Institutions Act 1989 (BAFIA) for accepting deposits from depositors without a valid licence.

The company was charged for accepting deposits without a valid licence at its premises in the following addresses:

* Block A-11-1 (13 Floor) Penthouse, Menara Uncang Emas, 85 Jalan Loke Yew, Dang Wangi, Kuala Lumpur between 14 July 2006 to 17 October 2006 and;
* Ground Floor and First Floor of KUB.com Building, 12 Jalan Yap Kwan Seng, Dang Wangi, Kuala Lumpur between 18 October 2006 to 4 April 2008.

Sunshine Empire Sdn Bhd represented by its director Mohd Azlan Bin Azman pleaded not guilty to the charge. The mention date for this case is fixed on 10 April 2009.

Source: Bank Negara Malaysia

Con-artists thrive in a recessionary cycle and they will not hesitate to separate you and your hard-earned money. If you are told of an opportunity of a lifetime, always consult someone you can trust before making any decisions. Else, you might just turn out to the ‘opportunity’ in someone’s life.

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