A British investor, joined by ten Malaysian individuals, has filed their respective formal complaints with the Malaysian Anti-Corruption Commission (MACC) against a Malaysian Datuk, alleging a sophisticated investment scam that defrauded them of over RM66 million through fraudulent schemes orchestrated by the businessman and his syndicate.
The complaint details a fraudulent investment scheme operated since 2018 through alleged Ponzi Scheme companies, which the group named 3Lyon Holdings Berhad, Vascory Berhad, Vascory Limited, 3Lyon Capital, and Kuber Venture, defrauding victims of over RM300 million. Shah Abdul Malek, the Chairman of MaPeR Action Group, said that hundreds of individuals and corporate companies, including government agencies have fallen victim to the investment scam.
“Their fraud network has reached almost RM1 billion, including investments made by an entrepreneur from the United Kingdom (UK), totaling almost RM60 million,” he said in a press conference at NuSentral today. He added, “From the publicly available records, it can be seen that several state government agencies and government-linked companies in Kedah, Melaka, and Perlis, including a Persatuan Kebajikan Anak-Anak Yatim in Penang as well as an Islamic research institute, may have fallen victim to the fraud schemes linked to the Datuk”.
The group claims others were unsuspectingly scammed because some prominent businessmen with Tan Sri titles were linked to these companies as key board members and shareholders.
Government agencies were duped suspectedly because of the involvement of a former
senior high ranking federal government official as Ranjeet’s proxy.
The monies cheated out of the victim are then used to pay gratification or bribes to the agents and prominent people who lent their credentials to the companies linked to the Datuk in the form of “commission” or “fees”.
