Forex scam leaves 400 victims RM100mil poorer, claims NGO

Forex Scam News

Forex scam leaves 400 victims RM100mil poorer, claims NGO
Investment FraudMalaysia International Humanitarian OrganisationMHO
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BANGKOK: Prime Minister Paetongtarn Shinawatra’s Cabinet will have both new and old faces, the PM’s secretary-general Prommit Lertsuridej said on Tuesday (Aug 20).

SUBANG JAYA : A dubious forex investment scheme has allegedly caused about 400 unsuspecting victims to lose roughly RM100mil collectively, the Malaysia International Humanitarian Organisation claims.

“Some reports were investigated under Section 420 of the Penal Code while others were referred to other agencies while some classified as 'No Further Action'. Hishamuddin also said they would take the victims to Bank Negara to lodge reports in the coming weeks. Explaining the supposed scam, Hishamuddin alleged that the “platform” was registered with a company in Indonesia, another with the Labuan Financial Services Authority and other private companies registered with the Companies Commission of Malaysia for marketing activities.

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Investment Fraud Malaysia International Humanitarian Organisation MHO Rm100mil Scam Subang Jaya Police Reports Legal Action Fraudulent Scheme Financial Losses #Jangankenascam

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