Indonesian woman loses more than RM4m to Forex investment syndicate

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KUALA LUMPUR: An Indonesian woman claimed to have lost more than RM4 million after being deceived by a Labuan-based foreign currency (Forex) investmen...

Malaysian International Humanitarian Organisation secretary-general Datuk Hishamuddin Hashim. - BERNAMApix: An Indonesian woman claimed to have lost more than RM4 million after being deceived by a Labuan-based foreign currency investment syndicate.

“When I asked about this year’s dividend, the company told them, among others, that the company’s licence was suspended by the government, until now I have not been able to withdraw the money deposited into the company’s account,“ she told reporters after filing a police report on the matter at the Dang Wangi police headqurters, here today.

He said the investment syndicate deceived victims by using a financial broker licence registered in Labuan and using the services of marketing agencies to find individuals interested in investing.

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