The Malaysian Humanitarian Organisation (MHO) urges the Attorney General to look into the reports of 500 victims of an investment scam.
Its secretary-general Datuk Hishamuddin Hashim told reporters in front of the Attorney General's Chambers at Putrajaya on Wednesday (April 17) this was to allow for criminal charges to be taken against the company involved.
Hishamuddin had gone to the Attorney General's Chambers to hand over the complaints, legal representation letter and case facts together with more than 100 victims of the investment scam, and said among the tactics used by the syndicate to gain the confidence of victims to invest included using influential figures to promote the investment schemes.
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Its secretary-general Datuk Hishamuddin Hashim told reporters in front of the Attorney General's Chambers at Putrajaya on Wednesday (April 17) this was to allow for criminal charges to be taken against the company involved.
Hishamuddin had gone to the Attorney General's Chambers to hand over the complaints, legal representation letter and case facts together with more than 100 victims of the investment scam, and said among the tactics used by the syndicate to gain the confidence of victims to invest included using influential figures to promote the investment schemes.
Read more at https://tinyurl.com/mrp9dez3
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00 We are here today because we have brought a voice from 500 investors who have suffered losses of more than RM120 million.
00:19 This is a large number and we believe that the number of losses is actually even larger. But the investors who came to make a formal complaint to MSO, our total losses amount to RM120 million.
00:37 They have been deceived by two major companies which offer the package of Islamic Redeemable Preferential Investment or IRPS.
00:50 There are several other types of investment such as Sukuk Islamic Bond, Private Trust and others.
00:59 When they invest, they are promised that their capital will be returned in a certain period of time.
01:08 They are also promised a certain dividend of 12-15% per year.
01:15 The amount is relatively low compared to other units of trust.
01:20 These companies have used marketing agents and certain projects to convince the victims.
01:30 They have also used the names of famous figures that we cannot imagine. It is difficult for me to name them. However, these figures have a high reputation.
01:44 This is why I might have been deceived by the figures in the company.
01:54 So, the question is not whether they are smart or not.
02:01 Because this type of fraud is not the same as the type of fraud that is done online, such as through Telegram, Facebook or other platforms.
02:07 These companies have existed, they have registered, they have used figures, they have used trustee, they have used big names such as Sharia Advisors.
02:26 These companies have been using big names, not just individuals, but also certain corporations that I don't want to name.
02:36 These corporations are also involved in the government's hands.
02:40 These corporations have been investing in these companies.
02:44 This is a problem.
02:46 We already know the problem.
02:48 What have we done? We have held a competition with these corporations.
02:54 These corporations have confirmed that they have done a Ponzi scheme.
02:59 They have paid dividends from the capital.
03:03 I have met the director of these corporations.
03:06 Finally, after the meeting, they have run away.
03:10 We have also made several complaints.
03:14 We have gone to the Police Department, the Police Department of Malaysia.
03:21 The first time, the case was still NFA.
03:24 We went again, the second time, the case was investigated.
03:28 There were some changes in the decision-making process.
03:31 We went to the Security Department.
03:34 We went to make a complaint, and finally, the Security Department has confirmed that the complaint has been made and the bribery has also been made.
03:42 We went to the Commercial Crime Investigation Department of Bukit Aman.
03:46 At the beginning, the head of the Commercial Crime Investigation Department has stated in a media statement that the case in Section 420 was a fraud.
04:00 We, the victims, have sent a letter to the Department of Commercial Crime Investigation.
04:04 We have sent a letter to the Department of Commercial Crime Investigation so that we can officially receive the answer, whether the investigation is true or not.
04:12 Based on Section 107A, the complainants have the right to know the crime investigation.
04:20 They have sent a letter to the OCPD, the Chief of Police of the area, and we have received a reply from the Chief of Police of the area, which confirms that the investigation of the Commercial Crime Investigation Department has been DROA-ed.
04:36 This is the point.
04:38 We have received a reply from the Chief of Police of the area, the King of Police of Malaysia, which states that the report of our police has been referred to another agency.
04:55 And the other agency is named as SSM and also the Suruhanjaya Security and Suruhanjaya Syarikat Malaysia.
05:03 So, the complainants are not satisfied. Does this mean that there is no crime under the investigation?
05:11 Is this fraudulent package not a fraud?
05:16 Just like what happened in Section 420 and Section 415.
05:20 Is the action of the company that has re-invested the shares and promised to pay, but did not pay?
05:31 Is that not called breach of trust under Section 409?
05:35 These are the questions that we are asking, that we do not have the answer and we do not have other methods.
05:45 We are here today to appeal to the Chief of Police, Dato' Ahmad Teri Rudin bin Muhammad Saleh, who is a state lawyer, to give an explanation.
05:57 Is this case a NOD? No Offence Disclosed? Is there no crime?
06:03 So, we have prepared a representation of the law.
06:07 Several representations of the law to pose several questions.
06:12 The first question is, what is the status of the Islamic Redeemable Preferred Share or IRPS from the perspective of the law?
06:21 Is this investment scheme a scheme that needs to be registered correctly or not?
06:27 And can this scheme be offered to the public without the approval of any agency?
06:37 As we know, for the information of all media, all existing companies do not have any approval.
06:46 Whether it is approval from the Security Agency or the Malaysian Company Agency.
06:52 Through the Interest Scheme or through the Capital Market Service Act.
06:57 There is no approval.
06:58 There is only one document, a document of information, a document of information, or we call it a document of submission.
07:06 But it is not a qualification.
07:09 Like the prospectus that is approved by any company that makes public offers.
07:14 So, we want to ask for an explanation from the Chief of Police.
07:17 Whether the actions of the company that proposed this investment scheme is correct or not?
07:25 And can they be carried out without any approval from the Security Agency and the Malaysian Company Agency?
07:34 Is this program or offer necessary to be registered under the Interest Scheme 2016?
07:44 Is this offer intentionally created to deceive?
07:53 Does it have elements of deception and embezzlement?
07:57 Cheating and deceiving elements.
08:00 So that it pushes the victims who make the decision to invest their money in this company.
08:09 Is this investment scheme and deception not a crime?
08:17 Is it just a service that needs to be taken action through each of the officers and is considered as not a crime?
08:25 It needs to be verified.
08:27 It also needs to be verified if they have penetrated this stock and they did not pay the stock that they have penetrated.
08:38 Is this considered as not a crime?
08:41 What do we want today?
08:44 We appeal to the State Attorney General to re-evaluate this case.
08:50 To re-evaluate all the complaints that each victim has brought their own complaint.
08:58 We also ask to re-evaluate the representation of the law that we have provided.
09:02 With the facts and arguments of the case that we have provided.
09:05 We appeal to the State Attorney General to re-evaluate the power of speech that the State Attorney General has.
09:18 So that this case can be investigated as a criminal case.
09:22 Under sections 420, 415 and 409.
09:26 And to issue an order to the Investigation Department of the Commercial Criminal Investigation Department, PDRM, OTI, in order to investigate.
09:35 So that the investigation can be reopened.
09:37 Not only referred to other agencies.
09:39 So, the ST and SSM are not competent to conduct the investigation?
09:43 We are not competent because the law of investigation, if we use this section 420 deception, it will result in imprisonment.
09:54 It is not "or" but imprisonment and punishment.
09:57 Whereas the other sentences in this case will result in imprisonment or punishment.
10:03 And we want a severe punishment.
10:05 Like the imprisonment in this case.
10:10 When was the hearing with the company?
10:14 We did it last year.
10:15 The discussion and from the discussion that we have done, they gave various reasons.
10:21 They said they will pay but they did not pay.
10:25 And finally they decided to communicate with the victims that we represent.
10:29 And we do not have any other avenue.
10:32 Other way.
10:33 So, if you do not get the money, imagine, what would your feelings be?
10:38 If you do not get the money, the arrest will not happen and there will be no prosecution.
10:44 So, of course, justice must be served.
10:47 Punishment must be given to those who have caused harm to the victims.
10:53 And we want to make it clear that this is not an issue of how to get the money.
10:58 The issue is how to give a severe punishment to the perpetrators of this case.
11:06 So that we can give a lesson.
11:09 So that there will be no new victims in the future.
11:13 What is the status of the perpetrator?
11:16 The government's perpetrator.
11:18 We can not mention the name.
11:20 Is there a celebrity?
11:22 He is a celebrity.
11:23 Is he a celebrity?
11:25 He is a celebrity.
11:27 He is a celebrity.
11:30 So, the perpetrator is also involved in the fraud?
11:34 We do not give a charge that he is involved.
11:37 But he is in the company.
11:39 The perpetrator is involved in the fraud.
11:44 If I mention the name, you will be surprised.
11:47 But the point is, how can half of the government's corporations be trusted?
11:53 Because of these big names that we do not want to expose.
11:58 Our goal today is not to expose anything.
12:01 Our goal today is to appeal to the State Prosecutor's Office to investigate the crime in Bakan Dunia.
12:07 That is our objective.
12:08 How many government corporations are involved?
12:10 As far as I know, there are more or less three government corporations.
12:16 That is a large number.
12:18 Is the government's perpetrator still working for the government?
12:23 No, he is no longer working for the government.
12:26 Is his name used or is he not involved?
12:30 According to the victim, the perpetrator was present at the meeting.
12:38 When I met the perpetrator, he said that he was being manipulated.
12:45 I don't know if he was being manipulated or not. I am not an investigation agency.
12:51 I only said that they are involved and are involved in the investment subscription because of the perpetrator.
12:59 Imagine the situation.
13:02 It is not that 10,000 or 5,000 people have been lost.
13:06 Most of the victims have been lost, more than 300,000 or more.
13:11 I am telling you.
13:12 So, the number is quite large and this is a big problem.
13:15 I have met many who have grown up and have started working again.
13:19 Some have grown up and have to bring their Grab because their salary is running out.
13:25 So, if we cannot look at the victims, we should look at the victims and the victims' families.
13:33 Because we are now at a very stressful stage.
13:37 The money has been lost.
13:39 There is no legal action taken against the perpetrator.
13:44 I think the loss is about 300,000 ringgit.
13:48 How did the perpetrator get the money?
13:52 He called me and said he had a share investment.
13:59 I was not interested because I did not know what business he was in.
14:02 When he came, he said he had SSM, SC, and other things that are not legal.
14:14 I thought it was a good deal and I could trust him.
14:17 He showed me where I wanted to invest.
14:22 I chose one investment.
14:24 He promised to give me a bonus every four months.
14:33 After three and a half years, I would get my money back.
14:38 The first, second, and third years were okay.
14:41 The fourth year, we were infected with COVID-19.
14:44 I invested in agriculture.
14:50 He said he could not provide food.
14:53 He was infected with the disease.
14:56 I was hoping that the company would call us to reschedule the investment.
15:06 But the company was silent.
15:08 The agent was silent too.
15:10 The agent promised to give me money but he did not.
15:14 I filed a police report.
15:16 The police said there was no action.
15:20 I had to take legal action because I had received the money.
15:25 I had a few friends who took legal action.
15:30 But the company did not go anywhere.
15:37 The agent was silent.
15:42 The company changed its agent.
15:47 The agent gave me another letter to make a new contract.
15:53 I did not sign the new contract.
15:57 They had already given me a contract.
16:00 I did not have the confidence to sign the new contract.
16:06 My group invested about RM6 million.
16:14 My group did not have the confidence to sign the new contract.
16:18 My friend's son studied abroad.
16:22 He could not go back because he was infected.
16:25 He was a pensioner.
16:27 He had a lot of money.
16:30 He was a pensioner.
16:32 He had a lot of money.
16:34 He was a pensioner.
16:36 He had a lot of money.
16:38 He was a pensioner.