1.  We are aware of the video posted by an Instagram user by the name of “ellybillionaire” (which account belongs to Norhaili Binti Ahmad Mokhtar) on 5 April 2019, containing false allegations against ACE Holdings Berhad and its subsidiaries (“the Group”). The management of the Group takes this matter seriously. 

2. The claims made against the Group are false, misleading, unfounded and defamatory and those claims were done based on malicious intent by the said Norhaili. We strictly condemn such unethical and unprofessional conduct. The Group has filed an official complaint with the Federation of Investment Managers Malaysia for her failure to uphold the professional’s ethical standards. Further, a police report has been lodged against Norhaili and a complaint has been lodged with the Malaysian Communications and Multimedia Commission (MCMC). We have also initiated legal proceedings against the said Norhaili for the false, misleading and defamatory statements made against the Group.

3. It is very unfortunate that these malicious allegations made by Norhaili have caused damages to the good reputation of the Group. We would like to assure you that ACE group practices good governance and compliance.

4. We encourage you to read our official statement regarding this matter on the Group’s website (www.acegroup.com.my). Please do not hesitate to contact us should you have any further questions / concerns.

 

Your sincerely,

 

The Management

Holdings, 11 April 2019

ACTIONS BEING TAKEN BY ACE GROUP AGAINST “ELLYBILLIONAIRE”

1.  We are aware of the video posted by an Instagram user by the name of “ellybillionaire” (which account belongs to Norhaili Binti Ahmad Mokhtar) on 5 April 2019, containing false allegations against ACE Holdings Berhad and its subsidiaries (“the Group”). The management of the Group takes this matter seriously. 

2. The claims made against the Group are false, misleading, unfounded and defamatory and those claims were done based on malicious intent by the said Norhaili. We strictly condemn such unethical and unprofessional conduct. The Group has filed an official complaint with the Federation of Investment Managers Malaysia for her failure to uphold the professional’s ethical standards. Further, a police report has been lodged against Norhaili and a complaint has been lodged with the Malaysian Communications and Multimedia Commission (MCMC). We have also initiated legal proceedings against the said Norhaili for the false, misleading and defamatory statements made against the Group.

3. It is very unfortunate that these malicious allegations made by Norhaili have caused damages to the good reputation of the Group. We would like to assure you that ACE group practices good governance and compliance.

4. We encourage you to read our official statement regarding this matter on the Group’s website (www.acegroup.com.my). Please do not hesitate to contact us should you have any further questions / concerns.

 

Your sincerely,

 

The Management