NGO urges AG to look into complaints by 500 investment scam victims

PUTRAJAYA: The Malaysian Humanitarian Organisation (MHO) urges the Attorney General to look into the reports of 500 victims of an investment scam.

Its secretary-general Datuk Hishamuddin Hashim said this was to allow for criminal charges to be taken against the company involved.

"We are calling for the Attorney General to look into the matter as we believe their cases have been referred to other agencies and are no longer being investigated by the police.

"We plead with the Attorney General to re-evaluate these cases. Look at all the letters of complaints of each victim.

"We have also prepared a legal representation and case facts which should also be considered," he told reporters in front of the Attorney General's Chambers at Putrajaya here on Wednesday (April 17).

Hishamuddin had gone to the Attorney General's Chambers to hand over the complaints, legal representation letter and case facts together with more than 100 victims of the investment scam.

He said among the tactics used by the syndicate to gain the confidence of victims to invest included using influential figures to promote the investment schemes.

"The syndicate members used suits and show off luxury vehicles and mansions in order to dupe people.

"We have received over 500 complaints from victims of this scam," he said.

He added, however, that the share subscription programmes offered were illegal because the companies did not comply with the laws regulating investment companies in Malaysia.

"In addition to that, the Companies Commission and Securities Commission have issued guidelines that must be followed by these companies before they can continue to receive investment money and funds from the public.

"Problems started to arise when customers did not receive dividends as promised by the companies," he said.

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