Alleged scammer 'Datuk Wira' suspected of manipulating multiple govt agencies

KUALA LUMPUR:  Several government agencies are believed to have been manipulated by an investment scam syndicate involving a 'Datuk Wira', who allegedly cheated hundreds of individuals to the tune of nearly RM1 billion.

A victim and the secretariat member for the group of victims, Shah Abdul Malek, revealed that the businessman had successfully defrauded several government agencies, including the Companies Commission of Malaysia (SSM), Inland Revenue Board (IRB), Bank Negara Malaysia (BNM), the Malaysian Anti-Corruption Commission (MACC) and the police.

"The man is actually a cunning white-collar criminal as we had found evidence of how each of these agencies was duped or manipulated by him as puppets in protecting himself and the wealth he stole or defrauded from the people.

"We found that he had violated the Companies Act 1965 when he set up a company with false business objectives, made false annual declarations and made false audit reports.