About 100 people lose RM70 million to alleged scammer

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KUALA LUMPUR: A group of about 100 people lost investments amounting to RM70 million following their involvement in what they claim now was a scam.

A woman whom they knew only as Maria was said to have approached potential investors claiming that she owns a handphone trading company and was short of capital.

Jeff, a spokesperson for the investors who were duped, said that Maria had also told investors that she would repay them with an additional 15% return per deal.

“She approached us claming she needed capital as she did not want to take a bank loan with the high interest rates.

“She even showed us a contract that she had with big corporations, such as Brightstar, and we have verified the validity of the contract,” Jeff said in a press conference which was also attended by DAP’s Segambut MP Lim Lip Eng here today.

According to Jeff, whenever he contacted Maria to enquire about the returns on their investment, he would get a letter from Maria’s lawyer assuring them that they would receive their money.

He said the investors had last received some returns on their investment about 18 months ago and they have not been paid since.

In urging the alleged scammer, Maria, to settle the issue with the investors, Lim said he will give her two weeks to come forward else, he will file a police report and also lodge an official complaint with Bank Negara Malaysia (BNM)

He added any person collecting funds as investment capital needed to have a permit from BNM.

There have already been 10 police reports filed against Maria and the investors are now considering taking further legal action against her.

Ivy Chong contributed to this article.