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Victims Claim Cooperative Behind Investment Scams, MHO Urges Swift Action

Kota Bharu: The Malaysian International Humanitarian Organisation (MHO) has urged the Kelantan Deputy Public Prosecutor's Office to take urgent action against a cooperative suspected of offering non-existent investment schemes, which have resulted in losses of over RM2.27 million for 26 individuals.

According to BERNAMA News Agency, MHO secretary-general Datuk Hishamuddin Hashim stated that the affected individuals, including senior citizens, retirees, and civil servants, are experiencing the hardship of losing their savings. Hishamuddin highlighted that the victims approached the Deputy Public Prosecutor's Office to seek the consideration and discretion of the state Prosecution director to prosecute those responsible without delay.

Hishamuddin revealed that the cooperative allegedly issued unsecured loans to several companies tasked with organising programmes under its supervision. These companies, which were supposedly managing the investment programmes, were allegedly set up to mislead cooperative members, as the investment schemes were never executed.

The victims suspect that the 10 types of investment programmes organised by the companies appointed by the cooperative were part of a sophisticated investment fraud involving multiple individuals operating under the guise of the cooperative and private limited companies. MHO represents the sincere hopes of the victims that the complaints submitted to the Deputy Public Prosecutor's Office will receive a positive response.