Adam requested Zulfarouq to purchase some shares for Adam.Zulfarouq bought 1000 shares from a female holder named PuteriKesumadewi for RM100,000. The shares were registered in favour ofAdam. Soon after the transaction, Adam found that Puteri Kesumadewiis Zulfarouq's wife and the shares were sold to Adam at a pricehigher than the current market value. Adam is furious about it andseeks your advice. Advise Adam accordingly with reference tostatutory provisions and decided case.
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