ALLEGED losses totalling RM109.3 million involving four suspected unlicensed investment schemes have prompted 354 individuals to seek a Bank Negara Malaysia (BNM) investigation.
International Malaysia Humanitarian Organisation (MHO) secretary-general Datuk Hishamuddin Hashim said the complainants estimated their combined losses at RM109,314,641.94 and suspected the companies involved of offering investment programmes without authorisation from the relevant authorities.
He said many were persuaded to invest by advertisements and marketing materials that appeared to suggest the companies had the necessary approval to operate the schemes.
“Among the main reasons they joined the investment programmes was the companies' advertisements and marketing, which gave the impression that they had the necessary authorisation to offer and organise the investment schemes,” he said in a statement today.
Hishamuddin said the complainants had previously lodged police reports, but the cases were classified for referral to other agencies before being referred to BNM for further investigation.
MHO also called for investigations into possible violations of Section 137(1) of the Financial Services Act 2013. - November 13, 2026
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