Crime & Courts

At least 57 police reports lodged over vending machine investment fraud, RM5 million losses

KUALA LUMPUR: Police have received at least 57 reports involving RM5.3 million in losses over a fraudulent vending machine investment.

Federal Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said this followed a press conference by the Malaysia Humanitarian Organisation on Saturday.

The reports, Ramli said, were lodged by those affected by the scheme involving RM5,306,900 in losses.

"We urge those out there who have yet to lodge reports to do so as soon as possible. This is to allow us to conduct a thorough investigation into the case," he said in a statement today.

He also advised the public to always gather adequate information before making a decision to participate in any investment scheme.

"One should always get the views and advise from the relevant authorities in charge in overseeing investments such as Bank Negara Malaysia and the Securities Commission.

"Remember greed and ignorance will lead to losses," he said.

It was reported yesterday that a company that cooperated with a well-known foundation was accused of committing fraud in a vending machine investment scheme involving a loss of RM1.8 million.

Malaysian International Humanitarian Organization (MHO) secretary-general Datuk Hishamuddin Hashim was reported to have said that they received 19 complaints from victims who participated in the investment scheme before the Covid-19 pandemic hit the country.

The victims claimed that the company offered them handsome dividends and other benefits if they participated in the investment, but instead they did not receive the returns as promised.

Those with information on cases or who have doubts on scams can contact the National Scam Response Center (NSRC) at 997.

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