A British investor and 10 local investors have filed a complaint with the Malaysian Anti-Corruption Commission (MACC) against a businessman holding a Datuk title, alleging they lost RM66 million in an investment scam.
MaPeR action group chairman Shah Abdul Malek stated that the scam, which has been operating since 2018 through multiple Ponzi schemes, has defrauded hundreds of victims, resulting in losses exceeding RM300 million.
Shah explained that the businessman’s agents deceived victims by impersonating bank employees and offering fraudulent investment schemes, while others were misled by individuals with Tan Sri titles associated with the companies.
British investor Lee Rodger Meiklejohn, who lost £10 million (RM60 million) in the scheme, filed a police report on Nov. 6, 2023. The businessman has been remanded since July, and RM620 million in assets have been seized.
MaPeR action group chairman Shah Abdul Malek stated that the scam, which has been operating since 2018 through multiple Ponzi schemes, has defrauded hundreds of victims, resulting in losses exceeding RM300 million.
Shah explained that the businessman’s agents deceived victims by impersonating bank employees and offering fraudulent investment schemes, while others were misled by individuals with Tan Sri titles associated with the companies.
British investor Lee Rodger Meiklejohn, who lost £10 million (RM60 million) in the scheme, filed a police report on Nov. 6, 2023. The businessman has been remanded since July, and RM620 million in assets have been seized.
