Ngo Claims 54 Lost Rm5 2mil In Vending Machine Investment Scheme

---

 
Malaysia International Humanitarian Organisation secretary-general Hishamuddin Hashim said the NGO had received complaints about the company from investors but the police have classified the case as ‘no further action’.
PETALING JAYA: A total of 54 investors have lost more than RM5.2 million in a vending machine investment scheme, says the Malaysia International Humanitarian Organisation (MHO).
MHO secretary-general Hishamuddin Hashim said the company initially paid its investors lucrative returns for investing in vending machines. However, the payments eventually stopped and the company was unable to account for the delayed returns.
Hishamuddin said the victims have complained to the NGO and lodged police reports. But the police have classified the cases as “no further action”.
“We hope the relevant authorities can conduct a thorough investigation into the scheme,” he said during a press conference at MHO’s headquarters in Kuala Lumpur today.
He said the victims believed the company’s modus operandi was “highly deceptive” and said they allegedly used legal agreements to mislead the authorities.
Hishamuddin said the investors were offered three investment packages, with the first one promising a guaranteed monthly return of RM1,300 for an initial RM30,000 investment in a vending machine and a second one promising a monthly return of RM1,000 for an initial RM25,000 investment.
He said the third package promised monthly returns of up to 4% on any amount invested.
Hishamuddin said the Johor-based company has branches in Selangor, Penang and Melaka and also operated on social media platforms. - FMT

---