MIRI – Sarawakians are advised to be wary after about 1,000 individuals lost about RM52 million they had allegedly channelled to a company said to be dealing with cryptocurrencies.
Representatives of the victims’ group are seeking help from Michael Kong, who is a special assistant to Sarawak DAP chairman Chong Chieng Jen.
Kong, in his social media channels, said they are seeking help to recover their lost fortunes, and that they had lodged police reports since 2019.
“This company allegedly set up operations in Sarawak in March 2019, seeking investors to buy cryptocurrencies.
“Initial information indicates it could have allegedly taken off with RM1.57 billion. It is highly likely that there are more people who fell victim to this.”
He said his office will try to help the victims.
“The public must check thoroughly with all relevant ministries and departments to verify the status of any company promoting itself as cryptocurrency dealers or traders.
“Check with Bank Negara, the Securities Commission, the Domestic Trade and Consumer Affairs Ministry, and other relevant departments.
“Make sure such companies are licensed to operate before having any deals with them. Make sure they have legal authority to collect monetary deposits or investments from members of the public.
“There are so many cases of people losing money to scams.”
Kong also urged anyone interested in investing to seek expert advice. – The Vibes, January 15, 2022
