MHO urges MACC to investigate investment schemes that left 276 victims with RM104.9 million in losses, citing misuse of funds and prominent figures used to lure investors.
PUTRAJAYA: The Malaysian International Humanitarian Organisation has urged the Malaysian Anti-Corruption Commission to investigate several companies believed to be running investment schemes that left 276 individuals suffering losses amounting to nearly RM104.9 million.
MHO secretary-general Datuk Hishamuddin Hashim said the organisation had received complaints from victims who encountered issues after joining property and Shariah Redeemable Shares investment programmes offered by several local companies.
“The victims claimed these companies had taken advantage of them, misappropriating or using their investment capital for purposes not disclosed or agreed to,” he told a press conference after lodging a report at the MACC headquarters.
He said the companies used prominent individuals to convince the public to invest, including company directors with the title ‘Tan Sri’ and well-known syariah advisors.
Hishamuddin added that the victims are requesting MACC to conduct a thorough investigation under Section 18 of the MACC Act.
“They are ready to give their full cooperation to MACC, including submitting complete documentation,” he said.
