MHO urges investment scam cases be investigated under criminal misconduct
The Malaysian International Humanitarian Organisation (MHO) yesterday requested the Attorney-General’s Chambers to review the reports of 500 investment scam victims for investigation under criminal misconduct.
Its secretary-general Datuk Hishamuddin Hashim said these cases were believed to have been transferred to the Companies Commission of Malaysia and the Securities Commission, no longer under investigation by the Royal Malaysia Police (PDRM).
“We appeal to the Attorney-General to reevaluate these cases and to assess all complaint letters from each victim. We also request legal representation for the victims.
“We urge the Attorney-General to consider utilising discretionary powers to initiate criminal investigations under Sections 420, 415, and 419 of the Penal Code,” he said, stressing the importance of reopening investigations through the Commercial Crime Investigation Department of the PDRM, rather than merely referring them to other agencies.
Hishamuddin said this to reporters after joining about 100 investment scam victims to submit complaint letters to a representative of the Attorney-General’s Chambers here yesterday.
Previously, MHO had exposed tactics used by investment companies, including impersonating famous corporate figures and offering unrealistically high dividends of up to 3.3 per cent per month to deceive victims.
PDRM had received 547 reports related to fraud cases involving three investment companies, resulting in the opening of 62 investigation papers under Section 420 of the Penal Code.