Tan denies investing $250mil on 'Formula' project
Published on: Thursday, September 13, 2018
Kuala Lumpur: Berjaya Corporation Bhd Executive Chairman Tan Sri Vincent Tan Chee Yioun (pic) denied investing US$250 million in a project known as "The Formula".He said this in reference to a current online media article entitled "Vincent Tan gives back to the people with his latest project", which was about "The Formula", a purported share trading platform which claims to utilise an algorithm that allowed trades executed through it to beat the stock market with an accuracy of 80 per cent."I would like to categorically deny that I have made any investment in this project or that I am in any way involved in it.
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"There is absolutely no truth in this report which I believe has been put out by unscrupulous persons to deceive the public," he said in a statement Wednesday.Stay up-to-date by following Daily Express’s Telegram channel.
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