UBB Amanah Denies Involvement in Investment Scam Reports, Warns of Legal Action

KUALA LUMPUR, July 1 — Licensed trust company UBB Amanah Berhad has issued a formal clarification denying any involvement in recent news reports and online media outputs concerning investment scams linked to trust entities.

In an official memorandum addressed to all its agencies, agents, and independent trust consultants, the company emphasized that any claims or insinuations associating it with such scam investigations are entirely baseless.

“We wish to make it clear that UBB Amanah Berhad is not involved in any such investigations or reports. Any suggestion or representation that UBB is in any way implicated or associated with these matters is wholly unfounded and misleading,” UBB Amanah stated in the statement.

The trust company issued a stern warning against the spread of inaccurate narratives, cautioning that it is fully prepared to seek legal remedies against individuals or parties spreading false allegations.

“UBB will not hesitate to take firm legal action against any party who disseminates or implies otherwise,” the management warned.

To safeguard its corporate standing and maintain market confidence, UBB Amanah urged all industry representatives and stakeholders to exercise professional diligence in their dealings and refrain from making statements that misrepresent the company’s position.

Furthermore, the trust entity called on members of the media to maintain accuracy and care when reporting on scam-related developments to foster proper public understanding.

Reaffirming its long-standing role in the financial services sector, UBB Amanah assured clients and supporters of its continued commitment to high corporate standards and regulatory compliance.

“To our valued clients and supporters, we reaffirm our unwavering commitment to integrity and professionalism, and we sincerely appreciate your continued trust and support,” the company added.

UBB Amanah Berhad is one of Malaysia’s leading independent private trustee companies, incorporated in 1988 and governed under the Trust Companies Act 1949 and the Trustee Act 1949. Operating independently of banks and major financial conglomerates, the firm provides a comprehensive range of personal and corporate fiduciary services—including cash trusts, family preservation trusts, estate planning, and executorship—tailored to safeguard, manage, and seamlessly transfer wealth. With over three decades of track record and billions of Ringgit in assets under trust, UBB Amanah functions as a neutral fiduciary focused on long-term capital preservation, risk mitigation, and structural asset security for its clients.

–NMT