UBB Amanah Berhad is a Malaysian independent private trustee getting notorious for lying to investors by using deceptive practices.
The firm claims to have 3 decades of industry experience and claim to focus on helping their clients reach their desired results.
Furthermore, the firm claims to have MYR2.6 million assets under trust with over 18,000 consultants.
The office of UBB Amanah Berhad is located at B-G-9, Galeria Hartamas No.21, Jalan 26/70a, Desa Sri Hartamas, 50480 Kuala Lumpur, Malaysia. Similarly, their contact number is 3-6211-41-99.
Below is an overview of their Board of Directors:
- Tan Sri Dr. Suleiman Mohamed (Chairman)
- Aida Othman (Managing Director)
- Dato’ Muleidaran M Navaratnam (Director)
- Dato’ George Varughese (Director)
The company has several subsidiaries including UBB Private, UBB Investment Bank Limited and UBB Amanah (Labuan).
However, the following UBB Amanah Berhad review focuses solely on the main company. Here, you’ll find out if you can trust them with your hard-earned money or not.
UBB Amanah Berhad Bank Negara: Are They Regulated?
When you search “Is UBB Amanah regulated?” you see the answer:
UBB is a registered Trust Company under the Trust Companies Act (1949). Also, their regulator is the Companies Commission of Malaysia (SSM).
However, it’s worth noting that SSM is not a financial regulator. It only oversees companies in general.
SSM Malaysia is an agency to incorporate businesses and to make registered companies’ data available to the public. That’s it.
They don’t govern the sale or purchase of any financial investments.
The financial regulator in Malaysia is the Securities Commission Malaysia (SC) and there is no mention of SC on UBB’s website. Clearly, they don’t have a license from SC which makes them a highly suspicious firm.
Many UBB agents claim the company doesn’t need an SC license as it is a trustee. However, the firm claims to offer returns of 6-8% p.a. but fails to specify how it is able to do so.
Obviously, UBB Amanah is using legal loopholes to sell unregulated financial investments.
This indicates the firm might be a ponzi scheme.
However, recent media reports indicate that UBB might face scrutiny from the Securities Commission soon:
Is UBB Amanah Berhad Background Under DAP National Public Complaints Bureau’s Scrutiny?
According to a recent media report, The Life Insurance Association of Malaysia, the Association of Trust Companies Malaysia and Malaysian Financial Planning Council with the Financial Planning Association of Malaysia complained to the DAP National Public Complaints Bureau about certain “cash trusts”.
Their complaints were about some trusts which offer extremely high returns to their clients. They suspected that these cash trusts could be Ponzi schemes.
Although the report didn’t mention any names specifically, it said some of these companies claim to offer returns as high as 36% per annum.
On the other hand, the fixed deposit rate of Malayan Banking Bhd (Maybank) is 2.1% for 12 months and 2.35% for 5 years. Note that Maybank is the largest bank in Malaysia by market capitalization.
In FY2021, Maybank had paid out 58 sen per share in dividends which amounted to a yield of around 7%. This is an extremely high number by industry standards.
What is a Ponzi Scheme?
For those who don’t know, a ponzi scheme is an investment where someone promises a very high rate of returns at apparently zero risk.
When you deposit your funds into a ponzi scheme, they use it to pay returns to the earlier investors and keep some for themselves.
Then, the process repeats.
They keep reiterating until everything goes too out of hand and there is no money left.
When the trust company has no money remaining, you lose your deposit.
A recent example of a Ponzi scheme is Bernard Madoff. The court sentenced him to 150 years in prison for committing fraud in 2009. His firm should have had US$65 billion in assets but in reality, it had very little.
Public Complaints Bureau Chairman on Cash Trusts: Is UBB Amanah Legit?
Lim Lip Eng, DAP National Public Complaints Bureau Chairman and Member of Parliament, talked to the media about the legitimacy of certain ‘cash trusts’.
He pointed out that few financial products present in the market are going around. Certain trustee companies are offering these products and they are a big scam.
Lim highlighted that these cash trusts took RM1 billion from the market in 2020-21.
Furthermore, he pointed out that Bank Negara or the Securities Commission Malaysia (SC) are not able to regulate these trusts properly. Hence, there are a few legal loopholes which these trustees are exploiting.
Like I mentioned earlier, UBB Amanah Berhad relies on such business tactics as well.
Instead of following the regulation of financial regulators, they fall under the regulation of the Companies Commission of Malaysia (SSM). As I mentioned earlier, SSM is not a financial regulator but an overseer of companies in general.
Also, many complaints have been sent to the SC on shady cash trust companies such as UBB Amanah Berhad.
The report sharing Lim’s thoughts doesn’t mention UBB Amanah directly. But suggests UBB is under the same scope of scrutiny.
They write:
One such company’s website says they create a cash trust when you place a sum of cash in a trust. Also, the beneficiary can tap on to the cash trust for emergencies.
They claim that a unique feature of these cash trusts is they are not frozen if the creator dies. It is still accessible subject to terms and conditions.
Also, the company claims to have over RM2.5 billion in assets under trusts. It also claims to have been operating for over 30 years.
Certainly, these are all claims made by UBB Amanah Berhad.
Legal Requirements to Become a Trustee: Why You Can’t Trust Them Easily
As I have mentioned before, UBB Amanah Berhad does not have a license from Bank Negara nor the Securities Commission Malaysia (SC).
On their website, they only display an SSM Certificate of Registration as a Trust Company, under Section 4 of the Trust Companies Act 1949.
According to this act, a registrar must make enquiries as he deems necessary when he receives an application as a trust company.
Also, if the registrar is satisfied and the company meets the requirements under Section 3, he can register the same and issue it a certificate as a registered trust company.
Now, according to Section 3 of the Trust Companies Act 1949, any public company with incorporation in Malaysia can apply to the Registrar of Companies to become a trust company subject to terms and conditions.
These terms and conditions include:
- Authorized capital of the company should not be less than RM500,00.
- The company should appoint the directors according to its Articles of Association.
- Minimum RM150,000 of bona fide authorized paid up capital.
- Deposited securities with the approval of the Minister of Finance to the value of RM100,000 with the Accountant General.
- Finally, it should be able to meet its obligations, apart from the liabilities to its shareholders, without taking into account the securities it deposited with the Accountant General.
While these requirements might seem a bit heavy, they are nothing for the kind of enterprise UBB Amanah Berhad is.
A source involved in a similar cash trust operation revealed that such companies are usually well connected. Hence, it becomes increasingly difficult to take them down.
UBB Amanah Berhad Review By Consumers: What People Say
While looking into this trustee, I googled “UBB Amanah Berhad Review” and found a detailed discussion about the firm and its legitimacy.
The conclusion of the discussion was that UBB Amanah is not a reliable firm and is probably a scam. However, many of UBB’s agents probably penetrated the discussion as they started praising the firm without any reason.
One user had asked the forum members about UBB Amanah Cash Trust. One of his friends had recommended UBB Cash Trust to him.
He pointed out that the product was charging 3.5% per annum. But, it claimed to offer 6-8% per annum NETT return for a 3-year product.
Also, the product guaranteed minimum RM60k. The user wanted to know if somebody was familiar with such trusts. He was interested because his FD rate was getting lower.
The first user who responded to this question was quite a new one. He started praising UBB Amanah Berhad right away in his review, claiming its amazing.
However, another highly experienced user pointed out that it’s a high-risk product. So, he doesn’t recommend it.
Later, the UBB Amanah Berhad review discussion went into if they have authorization in Malaysia.
Some users pointed out that it falls under the Trust Act. That’s it.
Other users began highlighting that if an offer seems too good to be true, it probably is. They highlighted that it’s very easy to start a fraudulent firm nowadays and steal funds from people by making false promises.
More Comments on the Legitimacy of the Malaysian Trustee:
Later on, users began discussing the Trust Act and how UBB is using it to make itself seem more reliable.
One user pointed out that trustees have more leeway in comparison to licensed investment managers. However, they used the word “Donor” for their investors, which seems rather odd.
How can a “Donor” expect to make 7-8% profit on their “donation”?
Here are a few images of the Terms and Conditions of this Malaysian trustee:
As you can see, UBB Amanah charges a 20% penalty if you withdraw your funds before the maturing date.
They Make “Projections” Not “Guarantees”
One user pointed out a vital aspect of UBB Amanah Berhad’s offers. They pointed out that the company claims to offer “Projected Profit Share” of 6.5% to 9% on its investment.
Projections are estimations, not guarantees. Anyone can make projections and increase them as much as they want. However, they are not guaranteed returns.
Certainly, it puts a big question mark on the legitimacy of their claims.
Did You Know?
Projected Profit Share is a financial statement that depicts the profits and losses of a firm in the future period. It includes revenue, expenses and net income details.
Later, a user highlighted that the company claims to offer 7% returns from its ‘current participants’ which might include MGS. Also, the company mentions projections in its flyers, which are abstract figures.
If their official track records had been this amazing, they would have shared this info online. Or, they would have used this data to market themselves.
Clearly, their official numbers are much lower than what they “project”.
Also, there were plenty of users in the discussion calling it a scam:
One user highlighted a different section of UBB Amanah’s Terms and Conditions. They pointed out that UBB might subject your Trust Capital to costs and expenses.
However, they don’t share what expenses or costs they charge.
In other words, they can reduce your Trust Capital as much as they want. They have used ambiguous words in their agreement deliberately so they don’t face any legal trouble for charging hidden fees.
I found another user comparing UBB with a regulated trustee. He highlighted that UBB doesn’t share any proof of its underlying investment. They don’t have any prospectus sharing this information as well.
On top of that, they don’t share any information on who the fund manager is.
They don’t share if their offered trusts are shariah compliant or not. Furthermore, there is no insurance in case the company defaults.
UBB Amanah Reddit: Alarming Discussions
Apart from the discussion I shared above, I also found a detailed forum discussion on Reddit where the users were talking about the authenticity of UBB’s claims.
Here, the user shared a flyer of UBB Amanah Berhad’s Opportunity Trust. He was interested in finding out if someone was familiar with the firm and should he go ahead with it or not.
The top comment on the discussion mentioned a few red flags:
- UBB Amanah Berhad didn’t mention any underlying assets through which they will generate the returns.
- Instead of “Assured” or “Guaranteed”, they have used the word “Projected”.
- There’s a 3-year lock-in period. For projected returns to be that high, the underlying assets must be extremely risky.
Another user pointed out that Trust projects don’t guarantee your principal. In other words, you can lose a portion of your invested capital instead of gaining any positive returns.
Like the previous user, this one also recommended finding out how UBB Amanah Berhad generates such returns and discuss the same with the agent.
Apart from the UBB Amanah Reddit discussion, I found a thread discussing the authenticity of this company. Here, the reviewer shared that it’s a sketchy product as the company doesn’t share much information except its brochure.
Furthermore, the brochure doesn’t show how the trust generates its returns.
The reviewer says when he fails to verify and understand how any scheme works, he ignores it.
Should You Trust UBB Amanah Berhad?
After going through the different reviews and the company’s documentation, it is clear that UBB Amanah Berhad is not a reliable company.
Its offered returns sound too good to be true.
UBB Amanah has all the qualities of a financial scam. The company is using legal loopholes to get away with its shady activities.
Such scams are rather popular. For example, ACE Holdings Bhd is a notorious financial investment firm which had to return RM814 Million to its investors when they were caught by SC.
Sadly, UBB Amanah Berhad doesn’t fall under the jurisdiction of SC at the moment. Hence, they might be able to get away with their shady practices for quite a while.
Well if the review is correct, why not the author and other show up their faces and make police report and complain to government, make a statement to public, open up a press conferences to aware all kind of peoples?
If the company is a real fake and scam or trying to steal your money, or they just cant guarantee the return as projected, but your capital still safeguard / protected?
By the way, as a normal people, are you really can guarantee your investment as well? Invest = not guarantee of income, even government unable to give you such promises, so? When you go for invest, you should know the risk. But if the capital is safeguard, and the return even not meeting the projected, but if better than FD rate then I believe is still okay. If you dont really can invest well.
this writter does not know anything about Trust Act Law.. Go study and Company Act and Trustee act . Trust company are govern under that law.
I have invested in Opportunity Trust, liquidity Trust and cash trust from 2021. Been receiving the profits without fail. I believe the negative comments are from competitors who’ve lost in competing. If you are scared, invest with minimum amount and see for yourself
UBB Amanah Berhad forced my papa into depression. Terrible staff…terrible company…terrible ethics.
NO ONE SHOULD INVEST WITH UBB!!!!
They don’t release your funds and trap you into a pathetic trust that DOES NOT GIVE PROFIT.
All the people saying they give profits are their own sales people who want to scam others.
So far, I’ve received all the payouts and capital back as per the schedule. The amounts are all as promised. Same goes for my friends and families I’ve referred to UBB. So far when I google, all negative remarks I find are mostly from people who haven’t actually put money inside. Checking the news, I find it hard to believe that if they’re not making payouts and committing fraud as claimed here, how come they’re not on any warning lists and there are no news about people making police reports? All of these are red flags that we can usually find online on ‘genuine’ scams.
They promised me 8% p.a. returns. But my actual returns were less than 3%!!! Why Lie to investors? Be honest UBB.
No returns received as promised. UBB Amanah Berhad is a scam. Don’t waste your money on their trust people. This is not an investment company it is a scam company.
Shockingly, people still believe in high returns schemes without investigating whether if they go through a loss or the company faces any losses will they be able to avail their refunds. Once my friend got stuck into a scheme of heavy returns where the company promised him to give him high returns as a new customer. He was getting special achievements but when the investment crossed $20,000 the returns stopped. And still, he is waiting for his refunds, so be wise and clever to invest your mind in the right place.
All of these one star comments are from poor people who never succeed in their life so they look down upon those who are rich. UBB Amanah Berhad is a great company and if you don’t agree then I hope you and your children stay poor your whole lives!
When I went through the brochure of UBB Amanah Berhad, I found that some schemes offered high returns with 0 risks but didn’t explore the way they would work for me.
Thus being unable to identify the mode of work and how this scheme would work for making a profit for me I wouldn’t invest in such a Bank. I don’t advise anyone else to invest in them either.
Syarikat itu sendiri tidak didaftarkan di bawah mana-mana peraturan kerajaan yang membunyikan SCAM. Syarikat seperti UBB hanya menipu orang untuk wang mereka kerana menjadikan gaya hidup mereka mewah.
I put 2yrs, every yrs also received 7% return. I think u early withdraw? So penalty u?
lost RM50,000 because of this company…now I am stuck with their trust.
rubbish fake review, clearly a smear attempt by competitors.
I was also fascinated by such schemes but after losing RM50,000 my interest was diverted and never got back again to such false advertisements of UBB amanah or any other company.
They didn’t let me withdraw. I have lost the entire RM40000 investment I had with UBB. They don’t care about their clients at all.
Syarikat itu telah mengalami banyak kontroversi, saya setuju. Tetapi anda tidak perlu terlalu risau tentang mereka. Terdapat banyak cara anda boleh melabur wang anda, anda tidak perlu bergantung pada UBB amanah berhad. Anda boleh mula melabur dalam diri anda sendiri dengan mempelajari kemahiran baharu atau memulakan gig sampingan. Saya telah mula bekerja sebagai tutor di sebelah dan semuanya kelihatan baik. Anda harus melakukan sesuatu seperti ini juga.
My experience was the same.
I am a part-timer at a bar though sometimes it is hard to manage things in my life, so it is natural to think of some extra earning.
After listening to such high returns from the bank in a year I invested in it with a set plan of opening a new bar with the profit and invested RM30,000 wit them.
I thought I would get 10% returns per year from that investment. But I was wrong. I was fascinated by the result but after listening to the reputation of the bank, I am a little surprised at how people are complaining about UBB.
The investment I made didn’t give me the promised returns. I think it’s one of the biggest scams in Malaysia.
I would never invest my money into such a company that got trust issues or had got legal notices from the government for its illegal money transfer.
Once my girlfriend told me about such a scheme I got fascinated by the high return policy and also thought of surprising my girlfriend with a new house of our own in the future but after coming across such a scam my heart breaks. I asked her not to get into this scam.
after going through the scheme I wasn’t able to figure out how the scheme would work for me, instead of profit, it seems like a scam!
One of my friends got stuck with an offer from a company like UBB, he got stuck in the net of the company’s high return policy. He has lost over RM30,000 with this company. Last I talked to him, he was going to file a police report against them but I don’t think they would be useful. Aida Othman seems like a well-connected person whose company is just untouchable.
I will suggest to everyone reading this, that before investing your hard-earned money into such a company for such plans u should firstly check their past returns and try to contact some of the investors who got the profit through their investment and also be updated about the future of the bank as well.
I have lost so much money because of Ubb scam. They will go to jail!
Ini mengejutkan apabila mendengar bahawa syarikat ini melakukan ini kerana saya merancang untuk melabur di dalamnya. Tetapi reputasi syarikat ini nampaknya tidak sah sekarang.
Once my grandmother came across an advertisement for UBB amanah berhad and invested in it without telling anyone. She tried to secure our future but after some months when she read about the their spammy reputation she immediately mailed to the company but they never responded to her. When we got to know about the incident we calmed her and asked her not to worry about the money so we filed a complaint against the bank.
A similar story of my friend’s uncle who invested in ubb amanah bhd for high returns and got scammed by the bank. Ubb amanah bhd promised him a high return in 6 months but he didn’t get what was promised by the bank.
After going through the brochure I found that the investment was made for 3 years. You will not be able to make out your money before the period. There were no mentioned members of the bank like the fund manager as well as there was no insurance available in case of some default.
fake news n fake webinar…I am UBB customer.i set a UBB trust 4 yrs ready.. If the webinar have evidence, pls go for complaint n report. if webinar really want help us, pls go report, don spread the bad rumors through online…
Since i saw many bad review and bad news abount UBB Amanah and i decided to withdraw my investment of RM50k, I emailed them and i provided UBB Amanah they invested in a newly setup investment company Primus Equities and breached the Trustee Acts 1949. 2 director in UBB Amanah also same director in the investment company which is conflict of interest between Trust company and Investment company. But they keep avoiding may question and doubt i raise in the email. They really work unprofessional by avoiding my email. So whatever the agent or agency promised is just a fairytales. So now i lost RM12,500 in UBB not even 1 year. I not even agree or sign in the Trust Deed. Shld i complain this to SSM or SC?
UBB amanah looked promising because of their promise of huge returns on your investments but now after reading this I will not be making any investments in UBB.
CONS
They don’t share how they can generate ~8% return per annum
Ask any bank to show details of how they can generate return. Or ask EPF to show how they can generate return.
Rockwill lost all customers, and use which ever tactic to take down its competitor because rockwill lost its market in estate planning. Now come out cry mum cry dad and buy keyboard warrior to blackmail UBB. What a funny and childish move.
This unbiased review is so easily create account and can simply leave review here, I can easily create 1000 bad review if I dont like the company. Joke unbiased gripeo.
And people who actually trust this is outsiders sharing around without digging more info. So far UBB never failed to pay me and my friends the promised return since 2018.
After listening to so much negativity about the Bank I planned to take my money back from the bank as. I emailed them about my returns, but they didn’t respond after some months passed. It looks like I will not be able to get back, should I file a complaint against them or should I wait for some time?
I feel UBB amanah scammed me.
During the time of covid I invested in the trust scheme of UBB amanah and I hadn’t heard back from the company. I even forgot they had my RM40,000 until I came across this post it is heartbreaking that UBB is also scamming people, thanks for the post I will mail them to return my invested money as fast as possible.
Well written review with research prepared and documented / properly supported. Seems that there is a lot of suspicions raised by the public on this ‘investment’. A lot of the reviews here which support UBB (who are possibly not staff of the company but customers or investors of UBB) remind me of the victims of Ponzi schemes and other grow-rich scams who are interviewed in documentaries when they explained their ‘trust’ in those schemes prior to the schemes falling apart and the investors losing everything.
https://www.theedgemarkets.com/article/cash-trust-ubb-amanah-sues-webinar-platform-rockwills-allegedly-equating-it-ponzi-scheme
The perpetrators will be made bankrupts! Serves them right.
Seriously? Do you think a scam like UBB is going to sue a major US-based publication managed by 3 of the top 10 lawyers in the United States?
Good Luck. LOL.
Oh you simpleton fuq. Read the article. Then comment. What a moron.
Also, this two bit website ain’t a “major us based publication”.
What a loser.
pemilik syarikat ini adalah pelacur
Saya perlukan pertolongan. U berjanji untuk memberi saya pulangan 20% pada pelaburan 2018 saya tetapi selepas yuran, tiada keuntungan. Apa yang saya buat?
The fact that UBB Amanah Berhad claims to offer financial instruments which offer yearly returns, yet it doesn’t have a license from SC, shows they are a scam.
Investing in unlicensed financial products is similar to jumping off a cliff. You’ll get hurt for sure.
UBB trust did not give me the returns they promised. When I complain they blame the economy and say that’s the best they could do. It was so disappointing. Minus the fees, the returns are in negative. I lost money with UBB Amanah instead of earning any.
I saw an ad for their cash trust and thought it would be worth investing. But it seems like UBB Amanah Berhad is really not that great.
This company is definitely using legal loopholes to get away with its financial scam. I’m pretty sure they would have closed shop a long time ago if they were not politically connected.
I feel bad for anyone who fell for this scam.
I have seen their ad too. Had no idea they were this bad.
Nonsense review, baseless. Only conjectures
I wasn’t going to leave a rating here. But then I saw all of these obviously fake 5 star reviews and couldn’t help myself.
UBB Amanah Berhad IS A SCAM. There is no way around it.
The company charges heavy administration fee and makes it seem as if you will get ‘guaranteed’ returns.
Their fees is very very high. Agent never told me that. I would not have invested in ubb trust if I knew it was going to be so high fees.
Yes i agree. They took money from me but never gave me the promised returns ????????????
Any evidence to back your claims?
Any evidence to back your claims? Or are you just really good at the bullshit department?
It is hilarious to see the staff of UBB Amanah Berhad spam the comment section with fake 5 star reviews here. I mean, if a ’30 year old’ company has to use such pathetic marketing tactics then they are obviously unreliable.
Rubbish “review”, unsubstantiated and fake
Can search for more education videos on cash trust in Learnabee or KC Lau Facebook page.
OR, can just search for ‘Cash Trust’ in LEARNABEE.
https://fb.watch/ekvjrIyqmO/
(CASH TRUST – 庞氏骗局或合法理财产品?)
https://fb.watch/ekvlo17_qh/
(回答环节 Q&A – 高回酬现金信托 CASH TRUST)
totally false review, paid
False review, paid for by competitors
This review is false, paid for by competitors
I lost RM25,000 bcoz of these scammers. It was devastating ????
bs, where’s the evidence?
Did you lodge a police report? Instead in whining on some two bit useless fake review page?
Agreed. Make police report if there’s wrongdoing here.
All of these positive reviews are fake. One person even said they are a staff member of Ubb Amanah Berhad. Their employees are writing these fake praises because they don’t have any happy clients.
They are a scam.
so positive comments are fake and this clearly paid for useless “review” is true? what a load of crap
This company makes false promises. ubb agents claim they give ‘guaranteed’ returns but you see the truth when you check their documents. This company is full of liars.
UBB Amanah Berhad has been safe from authorities because of corruption. Our regulation system is a joke.
I’m telling you, everyone behind this scam will go to jail.
3% fees is too much. Plus, they don’t guarantee any returns.
Ia tidak mattet berapa lama syarikat ini telah didaftarkan. Sebenarnya mereka tidak mempunyai sebarang lesen SC. Jadi, mereka tidak boleh dipercayai.
They are nothing but a bunch of liars. Look at all the fake 5 star reviews here. Ubb amanah is shameless.
Jangan sesekali mempercayai penipu ini
How are they able to generate so much returns? How can they give more profits than banks?
Because Ubb give no guarantee. They only give projections. I talked about this with the agent too but he didn’t give a truthful answer.
I don’t trust these liars.
UBB adalah penipuan. Mereka mengambil wang daripada orang dan membelanjakannya untuk pengiklanan untuk mendapatkan lebih ramai pelanggan.
Ibu bapa saya melabur wang mereka dengan UBB Amanah Bhd. Mereka tidak mendapat sebarang keuntungan. Syarikat mengenakan bayaran yang terlalu banyak sehingga mereka tidak boleh memberikan keuntungan.
No detail given on how they generate returns.
This company is the fakest company in Malaysian market.
These 5 star reviews are fake! UBB Amanah has numerous agents who get paid to promote this shady company.
They promised me 10% returns in the crisis fund. I didn’t receive any positive return. Total ripoff
So you’re telling me these scum of the earth scammers have been ruining lives for 30 years now? The authorities should arrest each and every one of these dregs
This review is fake. Ubb has been in business for 30 friggin years! Are the authorities so blind that they wouldnt have noticed?
This paid review is garbage
I feel sorry for the victims of this scam and I feel worse for these emotionally bankcorrupt employees of UBB Amanah Bhd. How does it feel to be so spineless and selfish? How do you sleep at night knowing you caused people so much harm?
Thanks for the post. I was also thinking of investing in the UBB’s scheme of high returns but after reading the post now it is difficult for me to invest in a company following such schemes.
are you able to provide a single evidence?
Who is the stupid author of this article.
I challenge you to reveal your true identity if you truly believe that UBB is a scam/ ponzi.
Please prove that UBB IS A SCAM BY YOU MAKING A POLICE REPORT AS WELL AS TO THE SC or any other authorities you think should be made aware of your claim.
Lastly reveal please reveal your identity if you have balls. 9
This is a fake review, no substance
Great and reliable company, this review is fake
rubbish, fake review.
UBB Amanah Berhad is nothing but a scam. Anyone saying otherwise is a paid shill who is working for the company itself. They are just trying to manipulate the rating by posting a bunch of 5 star reviews. Cause they know it’s a scam, they can’t do anything but whine and cry. Avoid these nobody, don’t pay attention to them, let alone money
I agree and I can’t believe how some of these ubb shills are behaving here. They are literally harassing every victim saying “you don’t have any proof”. UBB doesn’t have any proof either. Stop harassing every victim ubb amanah berhad.
what nonsense. do you have any evidence to back your claim? or are you relying on “reviews” by others to make your baseless allegation? what a loser
lol is that the best nonsense you can come up with?
Losers
All 5-star reviews are paid. They are posted by desperate employees trying to keep scamming people and leaping off poor people. These low-life scums have nothing better to do but steal money from hard-working people. A bunch of losers runs UBB Amanah.
Utter nonsense review
i have entrusted the welfare of my family’s future to Ubb and I have not looked back at all.
Great innovative products and amazing customer service. Highly recommend this firm
How much salary do you get for making fake comments on a thread?
this is amateur level nonsense, the author of this fake review doesn’t even know what the company is all about, just spews BS based on so called online threads(which are in itself garbage).
not worth to read.
I feel sorry for you. You have to scam people to feed your family. What a poor criminal you are.
Great experience dealing with Ubb
This fake review just trying to remain relevant
Nonsense write up, mere attempt at tarnishing reputation of a reliable company
A pioneer in the trust industry, Ubb is a premier trustee in Malaysia
rubbish fake review, Ubb is led by highly distinguished individuals
fake review, not worth reading. total nonsense
rubbish review, author has no idea what this business is even about.
As a long time client of ubb, i can attest that this article is false and unsubstantiated.
highly ethical and reputable firm, Ubb is a household name in Malaysia.
Ubb is reputable, this review author is a coward hiding in obscurity.
Site admins, please ban this spammer, they just admitted that these 10/10 reviews are being posted by employees. That should be against policy. Ban these scammers.
you are damaging the good name of the employees with your baseless review, they can defend themselves all they want. don’t be a coward
this is a defamation article. KCLAU hiding in taiwan and making stuff up.
Ini akan kelihatan seperti satu penipuan tetapi ia bukan satu penipuan ia hanya satu perjudian mempertaruhkan wang anda untuk pulangan yang lebih tinggi. Keputusan itu adalah tentang mengesan sama ada ia adalah syarikat penipuan atau tidak.
I work at Ubb for more than 6 years, our agents are highly trained and knowledgable about the products we deal in. We are very transparent in our business.
Our clients trust us because we can accommodate all their specific needs.
This review just desperately trying to tarnish the company that has helped so many people have a secure future.
Disgusting attempt by KCLAU.
Click bait article.
Ubb is a old reputable company.
Clickbait ‘review’, total fraud write up.
UBB is a reputable and well known company, been open for business for MORE THAN 30 YEARS!
My family has 2 generations that has business with Ubb
Mereka adalah penipu. Jangan berniaga dengan mereka. Mereka akan menjarah anda untuk setiap sen yang anda ada. Ayah saya telah kehilangan wang dengan salah seorang eksekutif UBB. Saya merayu anda untuk mengelakkan mereka.
jangan tipu lah, ayah lu sapu sampah tepi jalan, macam mana boleh sampai Ubb ?
Strongly discourage anyone from investing with this. I am one hundred percent certain they rigged the investment system to take your money at the last second, making you believe it was simply poor luck, because that occurred to me in 99 percent of all investments. I am not a newbie investor and am able to interpret graphs and perform technical analysis.
oi bodo, it’s not an investment firm. read the fine prints, otherwise people might think KCLAU is an ignorant cowardly cibtard.
Been a client with UBB since my first job, many years ago. They also delivered on the terms of my investments, never had an issue at all
This “review” is a lie
Have been a client of Ubb for more than 10 years, all my investments are secure, they are fully transparent and i can review my terms anytime i want.
this is a useless article, paid to tarnish image job by kclau
Invested over 100k 5 years ago, my asserts are growing great and my ROI is impressive.
UBB has always delivered on the terms of agreement!!
this article is a scam
Ubb is an old company, with great track record.
This “review” is just a paid attempt by competitors to tarnish. Useless and uninformed writer.
This article is the real ponzi, waste of time to even read, it’s garbage.
UBB Amanah is a 30 year old company, operating in Malaysia since 1988. Is the author of this useless article suggesting that the authorities in malaysia wouldn’t have noticed anything unusual?
Pathetic attempt at tarnishing a solid and respectable company.
i dont see any evidence, just alot of assumptions and assertions in this useless “review”. btw, does any financial organisation reveals how it makes ROI?? please provide one evidence of such..
Tidak ada orang yang boleh mempercayai penipu ini. Aku merasa buruk bagi siapa pun yang jatuh untuk penipuan ini.UBB Amanah Berhad telah mencuri wang daripada pelaburnya selama bertahun-tahun.
alaaaa nak menipu tapi tak bagi bukti..kalau betul ubb ambik duit orang, show evidence la. lu ada buat police report? bodh
I appreciate the efforts here but I also feel sorry for whoever wrote this article. UBB Amanah Berhad has a large team of lawyers and marketers. They have been able to silence their critics for years. Then again, I’m happy to see someone speaking out the truth.
you must be a big ignorant fool to claim that this half baked copy pasted “review” is the truth. i dont see any evidence, just alot of assumptions and assertions. btw, do you know of any financial organisation that reveals how it makes ROI??
Penipu pencuri
I’m surprised why no one called them out before. Their ads are proof they are scam.
mereka merompak orang dan mereka fikir tidak mengapa untuk berbuat demikian. Saya tidak mempercayai mereka
nak sembang kuat, mana bukti? boleh tunjuk?
I have lost RM50,000 because of UBb amanah in 2019.
If someone invests with this company then I feel bad for them.
UBb doesn’t give any positive returns these days
can proof your sorry face had 50k to invest with in the first place?
can you proof your claim? can proof your sorry face had 50k to invest with in the first place?
Agree 100%. This company has scam written all over it. Im surprised SC hasn’t done anything about it yet.
My family had invested in UBB Amanah Cash Trust and the company had promised us returns around 15% to 20%. We didn’t get any returns of that kind. It was disappointing. The company agent didn’t give us any explanation too. He just said it happens. It was very sad.
SC can’t do any thing because the owners of Ubb amanah, including aida Othman are very powerful. They pay politicians for protection.
its not even under the purview of SC, so clearly you’re an ignorant fool
You have proof and evidence? Or just run your mouth like a fool
Invested in their crisis fund a few years ago. The agent never told me about the 3% fees. I don’t recommend UBB Amanah Berhad ????
can you proof your claim? can proof your sorry face had any money to invest with in the first place?
I have seen some of their Ads.
When I read their brochures I noticed the same thing you did.
They give no information on how they generate returns. That alone is a big red flag.
oh really genius? can you name one financial institution that divulge how they generate returns? bloody iduiot
They are a bunch of thieves, nothing more and nothing less.
And KCLau has helped numerous people make actual money. He is not selling a fake scheme which lies to people about its returns
kclau is a punde piece of turd conman who’s got no guts to show up in malaysia so hes hidingh in taiwan, like a wuss.
My mother lost a lot of money investing in this fraud scheme…UBB Amanah has very greedy agents.
Saya telah ditipu oleh UBB kerana mereka menjanjikan pulangan yang tinggi.
Oleh kerana mereka mempunyai reputasi yang baik, saya mendaftar dengan mereka dan melaburkan RM60,000 saya. Sekarang saya menyesal melabur dengan UBB. Selepas itu syarikat berhenti membalas mesej saya untuk pemulangan saya. Saya mendapat pengesahan selepas kelewatan daripada pihak mereka bahawa wang saya telah dimakan.
LOL more lies. can show proof? did you lodge police report?
Ubb has been running this scam for years man. They need to be shut down.
i agree omar. this company has no sense of professionalism or customer care. They are only running because they have so many paid partners who earn commission.
you are the scam
you have evidence to support your claim? or you just running your mouth
My friend promised her girlfriend to buy her a new diamond ring after investing in a policy of high return from a reputed bank but the scene got reversed, as the bank went bankrupt all his money got lost.
Poor article, KCLAU is a conman
this is a poor attempt at tarnishing the reputation of a good company. done by conman KCLAU
UBB AMANAH is a reputable company, has been present in Malaysia for many decades.
This is just attempting to tarnish good reputation.
This useless review is based off other reviews? what a pathetic attempt at tarnishing the reputation of a longstanding company.
this phony website itself is a sham. go to trustpilot for legitimate reviews.
Anyone here who commented that UBB is scam has any proof or even established a trust with them.?
I would like to hear from all those of you who said that you have been scam or UBB is a scam to contact me at ho*******@gm***.com
I would like to work with you to expose the scam.
KCLAU wrote this useless review, cause he gets paid to do rubbish like this. he doesn’t know anything about finance or investing, just a conman.
what a nonsense piece, unsubstantiated and copy paste from various places trying to make it seem like an honest work. can’t even get the details right. waste of time to even bother reading
Guys like that get away with everything they always do it pisses me off
Don’t be greedy