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Fraudulent investment scheme victims risk losing right to recover losses

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KUALA LUMPUR: Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going throug...

: Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going through the legal avenue.

On April 24, the Federal Court allowed the prosecution’s appeal to forfeit more than RM1.1 million from 79 investors in an illegal deposit taking scheme. When asked about potential scam victims seeking recourse, Ramli explained that such claims could be pursued through a request to investigative officers, though the ultimate decisions lie with the courts.

 

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