KUALA LUMPUR: Bukit Aman has released a list of 27 companies on its radar for investment fraud.
Federal Commercial Crime Investigation Department (CCID) Comm Datuk Seri Acryl Sani Abdullah Sani (pic) said the companies, which had been monitored since 2013, were believed to have duped at least 1.7 million victims of an estimated RM4.45bil.
He also said 2,537 police reports were lodged against the companies, with losses amounting to RM362.5mil.
“A total of 289 investigation papers have been opened,” he told reporters at the CCID headquarters here yesterday.
Comm Acryl Sani said police believe that many of those who were cheated did not come forward to lodge reports.
Among the companies being monitored were Crude Palm Oil Investment Scheme, Highway Group Resources, Federal Reserve Chicago Bond, DBI Housing Scheme, Tok Belagak Gold Investments and Century Dynasty (see table for full list).
Comm Acryl Sani advised the public not to invest in schemes which offered returns that were too good to be true.
“Even Bank Rakyat only offers a return of about 15% on investments annually.
“Some of the companies on this list offer more than that on a monthly basis. Does that sound legitimate?” he asked.
The CCID chief said he was certain that no company offering such deals was earning their money legally.
“We are also aware of those who go looking for these investment schemes to make money early on before action is taken,” he said.