Report: Bank Negara denies running investment scheme on Telegram

BNM has also posted an announcement urging others to beware of scammers misusing its name and logo to offer fraudulent investment schemes on Telegram. — AZHAR MAHFOF/The Star

PETALING JAYA: Bank Negara Malaysia (BNM) has denied running an investment scheme through a group on Telegram.

According to a local news report, a group on Telegram is allegedly using the central bank’s name and claiming that members who start investing with them from as little as RM500 can see returns of up to RM17,000 within three to six hours.