PUNB Denies Relationship With Kongsi Makan Bhd

Last update: 06/10/2017

KUALA LUMPUR, Oct 6 (Bernama) -- Perbadanan Usahawan Nasional Bhd (PUNB) has denied having any association, cooperation, similarity and/or relationship in any form and manner with Kongsi Makan Bhd as reported by a local newspaper today.

PUNB Chief Executive Officer Datuk Azhar Ahmad said Kongsi Makan allegedly used PUNB's name in its modus operandi to deceive many small and medium enterprise entrepreneurs and promised huge profits to investors through product sales with minimal capital.

"PUNB takes such an irresponsible claim seriously. PUNB will not hesitate to take legal action against Kongsi Makan's owners or any of their agents or representatives who continuously manipulate PUNB's name in their activities," he said in a statement today.

Kongsi Makan is a franchise concept investment company.

Azhar said the company's action could mislead and confuse potential entrepreneurs on PUNB's business which focused on providing Shariah-based financing to Bumiputera entrepreneurs, as well as consultancy and monitoring, entrepreneurial development and training, and business development.....