4 Phase in Assessment of Claims and Distribution of Monies to Eligible Investors of the SwissCash Internet Investment Scheme

Phase 1 - Publicity to invite investors to submit claims (completed)
  • * Press release by Securities Commission Malaysia on 25 January 2010.
  • * Notice by Administrator on 27January 2010 in the following media:
English - Star
- New Straits Times
- Borneo Post
- Administrator Website
Bahasa Malaysia - Berita Harian
- Utusan Malaysia
- Administrator Website
Chinese - Sin Chew Jit Poh
Tamil - Malaysia Nanban

Phase 2 - Submission of claims by investors (completed)
  • Submission period between 27 January 2010 to 10 February 2010. Investors were requested to submit the claims in the prescribed form to the locations published in the http://www.administrator-swisscash.com.my/swissadministrator/admin/archive.asp


Phase 3 - Analysis of investor submissions & formulation of eligibility criteria (ongoing)
  • Administrator will analyse documents submitted by investors and formulate eligibility criteria in consultation with Securities Commission Malaysia.
  • The SC will make an application to Court for the eligibility criteria to be approved.

Phase 4 - Effect payout to eligible investors based on Court approved eligibility criteria.
  • Administrator will effect payments to eligible investors based on the eligibility criteria that has been approved by the Court.
  • Depending on volume of investor submissions, payment may be effected in stages. Target to effect payment by April 2010.
Source : administrator-swisscash.com.my

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Anonymous said...
on 

Any one received refunds from administrators?

 

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