Investors reward well-governed corporates: NFRA Chairperson

Speaking at the conference on “Financial Reporting and Corporate Governance in the Corporate Sector”, Dr Ajay Bhushan Prasad Pandey, Chairperson, NFRA, said here today that Sound Corporate Governance is bedrock of corporate sector that contributes to the sustainable growth and development of the Nation as whole. He further said that investors reward the well-governed corporates.

Dr Pandey mentioned about a number of path breaking reforms initiated by Indian Policy Makers during last few years, both for enabling growth and development of business sector and society such as Digital Reforms like Aadhar, UPI, GST and Tax Reforms. He also mentioned about several institutional building reforms like NFRA, IBC, NCLT etc. 

Dr Pandey said need of the hour for the Finance Community and Directors is to take measures to prevent frauds and failure of internal financial controls such as developing Case Study of Register of Frauds. Perhaps it is time to go Back to Basics of Internal Financial Controls as not all the corporate frauds were committed by very sophisticated designs but by age old methods of fictitious sales and loans and advances, over invoicing of purchases, related party transactions and due to failure of basic internal controls.

In relation to building trust and meeting stakeholders expectations, Dr Pandey mooted idea of crowdsourcing of risk related matters and matters of emphasis for auditor consideration. He also suggested consideration of UK Brydon report recommendation of publication of Directors Risk Report before the audit scope is decided by The Audit Committee which can evaluate stakeholders inputs on that Risk Report.

On the Sustainability Reporting Standards, he said it is better to align with those of International Sustainability Standards Board of IFRS Foundation.



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Malaysian Investors take part in Indonesia Investment Forum in Penang

A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday.

Promotion Director for Southeast Asia, Australia, New Zealand and the Pacific Region of the Ministry of Investment/Investment Coordinating Agency (BKPM) Saribua Siahaan said, “The ministry together with the Indonesian Consulate General in Penang received information that many potential investors in Malaysia were interested in investing in Indonesia, particularly, in Medan, North Sumatera and in Indonesia’s New Capital City (IKN).

“Therefore, we have come here to directly meet and talk to the investors about the potentials,” said Saribua. Malaysia is among the top 10 investors in Indonesia, with investment over the last 5 years (2017-2021) reaching US$ 6.76 billion.

Penang was chosen as the location for the event because the city is a manufacturing hub in Malaysia, hosting Excellence in Industry 4.0 through which it is expected to increase awareness and interest of Malaysian investors in investment opportunities in Indonesia.

“Malaysia is one of the biggest investors in Indonesia, mostly in Sumatra. And we hope the investment can be expanded in other locations, especially in IKN,” said Saribua.

Consul General of the Republic of Indonesia in Penang, Bambang Suharto, added, “Penang as home to 300 MNCs (Multi National Corporations) and 3,000 SMEs (Small Medium Enterprises) has various similarities and closeness with Indonesia, namely the geography, community diversity and culture.

“Indonesia, as predicted by the OECD (Organization for Economic Co-operation and Development), will be the 5th largest economy in the world by 2045, and offers great opportunities to Malaysian investors to invest in Indonesia and grow together with Indonesia,” said Bambang.

The event also presented a number notable speakers including Assistant Deputy for Investment Acceleration Strategy and Policy at the Coordinating Ministry for Maritime Affairs and Investment, Ferry Akbar Pasaribu; Head of the Indonesian Investment Promotion Center in Singapore Andria Buchara; Kuala Tanjung Industrial Estate Business Director, Saut Fransiswoyo Siagian; and the Medan Industrial Park Development and Operations Director, M Hita Tunggal.

Ministry of Investment (BKPM)

Investment Coordinating Agency


Topic: Press release summary

Westland Investors Announces the Acquisition of Fairwood Apartments and upcoming rebrand in Beaverton, Portland

“We’re thrilled to be adding Vose to our growing group of properties in the Portland area,” said Carson Halley, Head of Business Development from Westland. 

Westland Investors announced today the purchase of Fairwood Apartments, located at 6200 SW Hall Blvd, Beaverton, OR. The investment group will rebrand the upgraded building to “Vose”. The property houses 49 two bedroom, one bathroom units averaging around 825 sq feet each. The second story boasts a vaulted ceiling with exposed wood and an open layout. Designed in the 1960’s, the property has unique design elements from that time period such as an iconic sawtooth roof line.

While in the past few years the building has fallen into neglect, it has beautiful bones. Westland is planning both interior and exterior upgrades to the building with a new facade design in order to enhance each of the elements of the units. Westland is planning to redesign a functional community area as well and intends to enhance the existing “jewel box” nature of the property with key upgrades. Westland plans to work closely with the residents to get their input into how to prioritize renovations in an effort to collectively transform the space into precisely what the community values.

“We’re thrilled to be adding Vose to our growing group of properties in the Portland area,” said Carson Halley, Head of Business Development from Westland. “Our in-house management company, Centro Management, will be able to provide immediate care and service to the residents there, and we are really looking forward to making meaningful improvements and upgrades in the coming months.”

For more information about Vose or other Westland properties, please contact Carson Halley at

About Westland Investors:

Westland Investors’ focus for more than 40 years has been primarily in multi-family housing in the US Pacific Northwest with over 500 units and $250,000,000 under management. In addition, they own and operate a dedicated in-house property management company, Centro Management allowing for end-to-end service.

For press inquiries please contact:
Susan Moody


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3 Ways Investors Can Use to Recover Their Lost Investment

New York, NY, 13 July 2021, ZEXPRWIRE, Have you been a victim of an investment scam? Finance Recovery can help recover your scammed business loans, bitcoins, as well as money lost in forex trading and online frauds. Contact them at [email protected].

An investment comes with a risk for a potential reward in the future. The investment may not work, and the investor might lose all the money. Investment losses occur due to bad financing decisions, fraudulent intermediaries and services, and bankruptcy of investment firms. Therefore, it is always wise to hire the services of a finance recovery specialist.

Depending on how the money is lost, the recovery process would vary. Below are some forms of investment losses and the ways to recover the sunk amount.

Forms of Investment Losses

The way the money is lost would determine whether the investment is recoverable or not. Below are some common ways people lose their money.

Operational Losses

Investment is a game of risk and return. Investment options with higher returns come with a greater risk, as well. When people invest their money in a business, stocks, or other securities posing an above-average risk, they can lose the money if the underlying asset does not perform as expected.

Firm’s Bankruptcy

The investment firm could go bankrupt, sinking everyone’s investment.

Lack of Financial Advice

Poor financial knowledge before making investment decisions can lead to losses. Financial advisors use advanced models to analyze the risk-adjusted returns of investment opportunities. Without their advice, investors are more likely to make an investment loss.

Fraudulent Schemes

There are countless illicit investment plans out there that steal investors’ money. Therefore, it is wise to find out how the money-making scheme could steal the money and how one can recover the investment.

3 Ways to Recover The Lost Investment

1.      Recovering Lost Bitcoin

Below are the multiple actions an investor can take to recover bitcoins.

  1. Get Help from Financial Authorities: The first thing to do is report the case to financial authorities. These institutes keep track of every fraudulent financial activity and offer a faster route to recovering money.
  2. Reporting the case to the financial authorities, even while taking help from a recovery expert, can prevent other people from falling victim to this scam.
  3. Get External Help: Reach out to the external parties capable of recovering lost investment. First, inform the crypto or bitcoin wallet provider that the company is refusing to pay back. The crypto wallet provider might take action to recover the money or blacklist the company engaged in fraudulent activities to protect other investors. Similarly, investors get help online. Many unfortunate investors have fallen victim to cryptocurrency scams, and listening to how they recovered their money can offer solutions. Useful platforms to start with are Quora, Reddit, Facebook, and other social media websites.
  4. Reach out to the Fraudulent Platform: Less effective at times but worth trying, the last action investors can take is to contact the fake investment platform that defrauded them. They may not be a fraud, and there might be a delay in payment. Have a word with them to clarify this. Besides, inform the fraudulent platform to exert some pressure.

2.      Recovering Binary Options and Forex Loss

Follow the steps below to recover money from binary options or forex frauds.

  1. Contact the Trading Regulatory Body: Every region has a trading regulatory body that oversees foreign exchange trading, so reaching out to them is the first step. They directly monitor each broker in their domain, and lodging a complaint with them can assist in recovering money. The investor needs proper evidence to support their case. National Futures Association (NFA) is the trading regulatory body in the US. They even have a separate section dedicated to reporting fraudulent trading activities on their website.
  2. Discuss with the Broker: Mostly, the losses in forex and binary options result from poor trading strategies of new investors. Therefore, they blame the broker for their sinking investment. Keep a cool head and gather all shreds of evidence, such as transaction logs and bank statements, before approaching the broker. Investors should discuss with them why they think they’ve been a victim of fraud. Their broker can help point out why they’ve lost the invested money and the potential ways to recover it. A fraudulent broker will cut off all communication, forcing investors to move to our next step. Nevertheless, investors should let the broker know that they’ll initiate legal proceedings against him. In most cases, brokers cannot afford the heavy legal penalties and would refund the money.
  3. Claim a Chargeback: Those who have lost money to forex, a chargeback is possibly the best way to recover lost funds. Through a chargeback, they can directly recover funds from their bank or credit card issuer. It is the easiest step they can take, as they don’t have to deal with the investment firm. Instead, the bank refunds their money and communicates with the investment company on their behalf.
  4. Even if the company they’ve invested in has closed down, a chargeback is still possible. However, different credit card issuers offer varying deadlines for chargebacks. Usually, investors can claim a chargeback within 120 days of the fraud. Investors must make sure they familiarize themselves with their credit card’s deadline.
  5. Spread the word: This step is worth considering. Forex and binary options traders, brokers, and companies use forums like Forex Peace Army daily for trading purposes. Spreading the word about the scam on these platforms can help these dealers shut down and protect other investors. Many dishonest brokers have gone out of business due to such negative reviews.

3.      Get Recovery Expert Services

Even when investor try all the steps discussed above, it does not guarantee the recovery of their lost investment. An effective way to get their money back is availing the services of a recovery expert. Recovery specialists have access to advanced digital tools and technical expertise to track down a scam and recover assets.

Cryptocurrency scams are harder to deal with due to the introduction of new technologies like Blockchain. They’ve weakened the effectiveness of legal controls against such fake investment schemes. However, recovery experts have better digital tools and models that help them keep track of every transaction made from an investors account and hunt down the scammers.

Are you searching for a Bitcoin, Forex, and Binary Options recovery expert? Finance Recovery can help! Recover your funds lost in forex, binary options, and scammed bitcoins today!

For quick recovery of your investment funds, email at [email protected].

 Sources Consulted: