Over 300 victims lose RM100mil to investment scam, police reports lodged against firm

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KUALA LUMPUR: An alleged bogus investment firm has left hundreds broke, and victims are now urging prompt actions to be taken.

The Malaysian International Humanitarian Organisation said the group came to the Sentul police station to represent dozens of scam victims in lodging police reports against the company.

"They also used the names of well-known heads of industries to convince victims that they were a legal business. Most of the victims have used their retirement funds and some had to refinance their houses and borrow money from family members. "Losses that were reported to us is around RM100mil. And this is just from the complaints that we have received.Victims said that at first the firm would pay the promised dividends at first but stopped around May 2022.

 

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