BOGUS investment schemes seem to be a norm these days, with many being deceived and losing money in such schemes. However, a recent investment scheme with the picture of Malaysian Communications and Digital Minister Fahmi Fadzil has gone viral for promoting a purported syariah-compliant investment with unbelievably high returns.
Has an investment scheme misused Fahmi's photo?
Verdict:
TRUE
According to a statement by the minister, he had never promoted any investment schemes, such as the one that has gone viral.
At the same time, he advised the public to report any type of false or misleading advertisements for investments at the SKMM complaints portal.
References:
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