7 foreigners claim losses of over RM31mil in investment scam

 Lawyer says investors’ withdrawal facilities were abruptly halted in September 2021, and the platform was fully shut down in August last year.

Lawyer Andy Yeoh said the seven people who came forward today comprised four Chinese nationals, two Taiwanese nationals and one Korean national.

PETALING JAYA:

 Seven foreign nationals lodged police reports at the Cheras police headquarters today, claiming they lost over RM31 million after being deceived by an international syndicate.

Lawyer Andy Yeoh said the seven were lured by an online investment scheme operated by a company known as “High Inspirations”, which promised a 5% return on each investment.

“The investment scheme began operating in 2018. The investors’ withdrawal facilities were abruptly halted in September 2021, and the platform was fully shut down in August last year,” Bernama quoted him as saying today.

Yeoh said the seven people who came forward today comprised four Chinese nationals, two Taiwanese nationals and one Korean national.

He added that more than 300 other victims intended to engage his services to recover their investments.

Taiwanese victim Liu Chun Kuang, 58, said victims came from various backgrounds, including small business owners and employees who had invested their savings.

“We urge the Malaysian government to investigate this syndicate and help restore justice for the investors,” he said.

Cheras police chief Rosdi Daud confirmed receiving seven reports today from people claiming to be victims of the investment scheme. - FMT