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300 investors want capital worth RM90mil back from company, says consumer foundation

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PETALING JAYA: About 300 investors are demanding back their total capital worth almost RM90mil from a company believed to be operating an investment scheme illegally.

National Consumer Foundation president Datuk Mohd Firdaus Abdullah said they received complaints from some 300 investors claiming that they had not received their investment returns as well as the bonuses that were promised to them.

Checks show that the company has no licence to collect money from the public for investment purposes, Firdaus added."They have over 4,000 people invested in their programme, mostly Chinese. There are also foreign investors from Saudi Arabia, Vietnam, Cambodia and others. Earlier, the foundation organised a seminar where some of these investors were briefed on what could be done in hopes of getting their money back.

Firdaus said the company would be given until Wednesday to respond to investors' requests, or civil and criminal actions would be initiated.

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