The Labuan Financial Services Authority (Labuan FSA) has announced that authorities have commenced an investigation into

several Labuan companies and their related domestic entities.

It identified the companies as Saradunia Investments (L) Ltd, Royal Pacific Investment (Labuan) Ltd, Asia Bancorp (L) Ltd, Asia Bancorp Bhd, Saradunia Capital Sdn Bhd, Nur Cahaya Ilham Consultant and Matrik Unggul Sdn Bhd.

In a statement, Labuan FSA said the public is advised that the companies mentioned are not authorised to collect any funds or any form of deposits under the Labuan Financial Services and Securities Act (LFSSA) 2010.

These companies are only registered as an ordinary company under the Labuan Companies Act 1990 or Companies Act 1965, it added.

Labuan FSA reminds the public to only deal with individuals or companies licensed by the Labuan FSA under the LFSSA 2010 relating to the relevant business defined therein.

The list of licensed financial entities is available on Labuan FSA’s website www.labuanfsa.gov.my, it said.

- Bernama