‘Datuk Wira’ makes off with nearly RM1bln in non-existent investment scam

PETALING JAYA, Nov 7 — A businessman using the title of ‘Datuk Wira’ is alleged to have defrauded hundreds of local and foreign individuals of RM900 million through non-existent investments.

A spokesman for the secretariat formed by the victims of the fraud, Shah Abdul Malek, who also invested in the scheme, said the investors are from all types of backgrounds, such as government officers, doctors, and general members of the public.

They purportedly fell for the businessman's sweet promises who had been using his position and influence to defraud the victims for the past 16 years, he added.

"The purpose of the secretariat is to prevent more people from falling prey to this scam and to find a way to recover our money," he said at a press conference here today.