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.