Several investment companies had lured the public by offering investment schemes promising them lucrative dividend rates and returns. theSun theSundaily scams investment finance returns dividends fraud complaints Malaysia
: A total of 500 victims who have lost nearly RM1 million to scammers running bogus investment schemes submitted a report of their complaints to the Malaysian Securities Commission today for it to investigate the companies suspected of committing criminal breach of trust and defrauding people of millions.
He said the companies also used the names of famous figures, the royals, former government officials and religious figures who are not involved in the schemes. He said MHO lodged a police report regarding the matter at the Sentul District Police Headquarters, last month. One of the victims, Harun Mohd Yunus, 63, who lost RM250,000 said he initially received over RM6,000 for four months after joining an investment scheme in Oct 2021.
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