WHEN it comes to investing – especially online – one tends to look for signs that the scheme or company has been given a stamp of approval by the authorities, and the Companies Commission of Malaysia carries a lot of weight when it comes to investment plans or schemes.
It has been alleged recently that scammers are using a new tactic; falsely claiming that their companies have been inspected by the Commission and that their prospectus have been approved.
Is there any truth to this claim?
VERDICT:
TRUE
Speaking as a guest on the Selamat Pagi Malaysia TV show, Malaysia International Humanitarian Organisation secretary-general Datuk Hishamuddin Hashim said that syndicates are in fact making this false claim about their companies.
He said that they had only sent a memo containing information that did not include specific data or the funds that have been invested.
“They create confusion. What is stated in the information memo is not the same as what is in the prospectus. This is what causes many people to be cheated because they are led to understand that a company has been approved by the Commission, when in fact it hasn't,” said Hishamuddin.
Hishammuddin then said that those who have been cheated should lodge a police report about the syndicate.
