12/04/2011 (Business Times) - OSK Investment Bank Bhd says that it has never at any material time, offered to the public, the Futures Crude Palm Oil (FCPO) investment scheme or any similar such financial arrangement.

In a statement, OSK said it had recently come to its attention that an unauthorised notification and/or advertisement has been issued, where the bank has been described as offering to the public, an FCPO investment scheme.

The scheme is said to offer among others, a monthly return from three to seven per cent for 1-2 years contract, with 100 per cent of the capital being guaranteed returned by the bank and with zero investment risk.

OSK said the person named in the said notice was also not an employee of the bank or its agent and neither had the bank at any time authorised the use of its name or logo in relation to the FCPO investment scheme. - Bernama.