PUTRAJAYA: The Malaysia International Humanitarian Organisation (MHO) has urged the Malaysian Anti-Corruption Commission (MACC) to investigate an investment scam with an estimated total loss of RM183 million.

Its secretary-general, Datuk Hishamuddin Hashim, said this was necessary because more than 600 victims who filed reports with various authorities and agencies since 2023 had not seen any results.

"To this day, there has been no prosecution from any agency, especially the Attorney-General's Chambers, on the reports they (the victims) made, even though they have submitted documents and evidence of the fraud to almost all the agencies.

"They have reported it to the police, the Securities Commission Malaysia (SC), the Companies Commission of Malaysia (SSM), Bank Negara, and even the National Financial Crime Centre (NFCC). This shows that there is no other place left for them to report; they have reported it everywhere.

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"We do not deny that an investigation exists, but they feel regret because to this day, there has been no prosecution against the suspects or the 'mastermind' who caused them to lose their retirement money," he said.

He was speaking to the media in front of the MACC Headquarters today, alongside the victims of the scam.

Hishamuddin added that the MACC was the last resort for the victims, most of whom are senior citizens, and they hope that an investigation paper for this case can be opened under Section 18 of the MACC Act.

He also explained that the relationship between the investment company and the clients was similar to that of a principal and an agent. The investors, acting as the principal, had provided funds to the investment company, which was the agent. They believe the company, as an agent, used its position to deceive them with false documents and statements.