PETALING JAYA – The Brunei Investment Agency scheme that has been active since October last year that promises a bonus between 18 and 50 percent has raked over RM1.96 million from at least 104 victims.
Bukit Aman Commercial Crime Investigation Department Director, Datuk Zainuddin Yaacob said that the police have opened an investigation on the Ponzi scheme.
However, they have yet to make any arrest.
He said, the scheme has never made any real investment but the returns to the investors were from recruitment of new investors.
“As long as they have new participants, their capital will increase from time to time.
“However, when they no longer have new investors, the scheme will crumble,” he told Sinchew Daily.
According to him, the police had received complaints from 104 victims from nine states involving RM1.95 million as at last Saturday.
Penang recorded the highest number of cases with 37 complaints following by Johor (27), Kuala Lumpur (12), Selangor (9), Perak (7), Negeri Sembilan (6), Melaka (3), Kedah (2) and Pahang (1).
The victims were invited to invest through Facebook and WhatsApp into two packages that promised a bonus return between 18 and 50 percent.
Although they received the promised bonus in the beginning, the victims realised that they have been cheated after the fail to get any returns for several months. –MalaysiaGazette