Over 100 victims of investment scams provide further statements to SSM

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Datuk Hishamuddin Hashim said he hoped that the additional statements would help SSM further in its investigations. theSun theSundaily crime fraud scam MHO SSM

MHO at the SSM tower to submit additional statements and complaints with the victims of investment company fraud. Pix credit: Facebook/MHO: Over 100 victims who lost over RM1 million to scammers running bogus investment schemes have provided further statements to the Companies Commission of Malaysia for it to investigate companies suspected of embezzlement and fraud.

According to him, there have been no arrests made since the complaint was filed last March, which is concerning for all the victims concerned. “This means that the SSM has the power of arrest. They have police powers. You do not have to wait for the police. SSM can arrest even if it is an investment scheme which is not registered under the Interest Schemes Act 2012,“ he said at a press conference at Menara SSM @ Sentral here today.

This is 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines