Over 100 victims of investment scams provide further statements to CCM

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KUALA LUMPUR: Over 100 victims who lost over RM1mil to scammers running bogus investment schemes have provided further statements to the Companies Commission of Malaysia (CCM) for it to investigate companies suspected of embezzlement and fraud.

Representing the victims, Malaysian International Humanitarian Organisation secretary-general Datuk Hishamuddin Hashim said he hoped that the additional statements would help CCM further in its investigations.

"This means that the CCM has the power of arrest. They have police powers. You do not have to wait for the police. This was the third step taken by the scam victims after they lodged reports with the police and Securities Commission in March and April respectively, he said.

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