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MACC URGED TO PROBE RM104.9 MILLION INVESTMENT SCAM LOSSES

Published : 24/11/2025 03:59 PM

PUTRAJAYA,  Nov 24  (Bernama) -- The Malaysian International Humanitarian Organisation (MHO) has urged the Malaysian Anti-Corruption Commission (MACC) to investigate several companies believed to be running investment schemes that left 276 individuals suffering losses amounting to nearly RM104.9 million.

Its secretary-general, Datuk Hishamuddin Hashim, said MHO had received complaints from the victims, who claimed they encountered various issues after joining property and Shariah Redeemable Shares (i-RPS) 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.

“They are requesting MACC to conduct a thorough investigation into the issues they faced under Section 18 of the MACC Act,” he told a press conference after lodging a report at the MACC Headquarters today. Also present were the victims.

He said the companies’ modus operandi involved using prominent individuals to convince the public to invest.

“They used big names. Some allegedly involved company directors with the title ‘Tan Sri’ and well-known syariah advisors, which made the complainants confident enough to invest,” he said.

Hishamuddin added that the victims are ready to give their full cooperation to MACC, including submitting complete documentation.

-- BERNAMA


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