An undated picture of a signs at Singapore state financier Temasek Holdings’ head office in the Southeast Asian city-state.
Bryan van der Beek|Bloomberg|Getty Images
Singapore’s Temasek Holdings alerted that fraudsters are supposedly attempting to offer monetary investment items or instruments to unwary people while impersonating representatives of the company’s workplace in Shenzhen, China.
“We have been alerted to a scam in China that involves the impersonation of Temasek in Shenzhen, using our registered office name ‘Temasek Holdings Advisors (Shenzhen) Co., Ltd.’ / ‘淡马锡投资咨询 (深圳) 有限公司’,” Temasek stated in a declaration Wednesday.
With a net portfolio worth of 382 billion Singapore dollars ($2845 billion) since March 31, Temasek Holdings is among 2 Singapore state-owned investment firm, in addition to the more conventional sovereign wealth fund GIC. It is an active financier and investor with 3 workplaces in mainland China in Beijing, Shanghai andShenzhen Temasek preserves an overall of 13 workplaces in 9 nations beyond Singapore.
“The scammers fraudulently claim to represent our Shenzhen office and solicit money from individuals on the premise of paying them back with commissions,” Temasek stated.
“This is a scam and is not associated with Temasek in any way. Temasek does not directly sell any investment products or financial instruments in China. We have not authorized any third party to do so on our behalf,” the Singapore investment firm included.
“We reserve all rights to pursue legal action and remedies against any person or company that impersonates Temasek and/or infringes our intellectual property,” Temasek stated.
From phony Apple and Ikea shops and knock-off Disneylands to fake milk powder, medication and food, China battles with fakes which have in current years resulted in unfavorable health impacts or duped victims out of big amounts of cash.
Chinese state news firm Xinhua reported Tuesday that Myanmar has actually moved an overall of 31,000 thinks to Chinese authorities to date in a crackdown on phone scams stemming from northern Myanmar that targeted mainland Chinese.
