Cheras: Seven foreign nationals lodged reports at the Cheras District Police Headquarters here today, claiming that they have lost over RM31 million after being deceived by an international fraud syndicate.

According to BERNAMA News Agency, Lawyer Andy Yeoh, who represents the group of victims, stated that all of them were lured by an online investment scheme operated by a company known as 'High Inspirations', which promised a five percent return on investment for each transaction. "Our clients were introduced to this platform, which was purported to be legitimate and capable of generating consistent income for them," said Yeoh.

The investment scheme reportedly began operating in 2018, with the investors' withdrawal facilities being abruptly halted starting September 2021. The platform was fully shut down in August last year, leaving investors without access to their funds. Yeoh mentioned that the seven individuals who came forward today comprise four Chinese nationals, two Taiwanese nationals, and one Korean national. Additionally, more than 300 other victims are planning to engage his legal services to recover their investments.

During the same press conference, a Taiwanese victim, Liu Chun Kuang, 58, shared that victims of the scam come from various backgrounds, including small business owners and employees who had invested their savings. He urged the Malaysian government to investigate the investment syndicate and help restore justice for the investors.

Meanwhile, Cheras District Police Chief ACP Mohd Rosdi Daud confirmed that they had received seven reports today from individuals claiming to be victims of the investment scheme.