Call for police action on investment scam cases

PUTRAJAYA: The Malaysian International Humanitarian Organisation (MHO) has requested the Attorney-General’s Chambers to review the reports of 500 investment scam victims for investigation by police.

Its secretary-general Datuk Hishamuddin Hashim said the cases are believed to have been transferred to the Companies Commission of Malaysia and the Securities Commission, and no longer under police investigation.

“We urge the Attorney-General’s Chambers to consider utilising discretionary powers to initiate criminal investigations under sections 420, 415 and 419 of the Penal Code. It is important the cases are reopened through the Commercial Crime Investigation Department, rather than referring them to other agencies,” he said after joining about 100 investment scam victims to submit complaint letters to a representative of the Attorney-General’s Chambers on Wednesday.

MHO had previously exposed tactics used by investment companies, including impersonating famous corporate figures and offering unrealistically high dividends of up to 3.3% per month to deceive potential victims.

Police 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. – Bernama