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.

Yeoh said the seven who came forward today comprised four Chinese and two Taiwanese nationals and a Korean.

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

Taiwanese victim Liu Chun Kuang, 58, said the investors came from various backgrounds, including small business owners and employees who had used 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 the seven reports today.