KUCHING, Sept 19 — There was a jump of 25 per cent in the number of complaints and enquiries related to investment scams registered in the country had throughout the period of Covid-19 pandemic.
In this regard, Jawahar Ali said the SC had been conducting a series of nationwide educational talks to inform the people from the urban and rural areas about the recommended anti-scams measures that they could undertake.2022’ programme in Vivacity Megamall here yesterday. Jawahar Ali said among the common tactics employed by the scammers was convincing the victims that they would be guaranteed ‘unusually high returns’ on small initial investments, usually involving a sum as low as RM300.
According to Jawahar Ali, an investment firm that is licensed by a foreign jurisdiction is not allowed to solicit funds from Malaysians, unless it is granted a licence by the SC. Jawahar Ali then pointed out that the SC had been entrusted with the mandate to protect investors’ rights and interests, and to prevent scammers from misappropriating the people’s hard-earned money.“There are no investment opportunities that can give you that kind of unusually high returns.
“Such information can be found on our official Facebook, Twitter, Instagram and YouTube pages under the name ‘InvestSmart SC’.