Victims form panel to sue get-rich-quick scheme firm

KUALA LUMPUR: A group of victims of a get-rich-quick scheme has set up an action committee to take legal action against the company allegedly involved in the scheme.

The group, comprising 14 victims, including businessmen, clerks, and even bank workers, met on Sunday to discuss steps they could take against the company.

A victim, Azizi Haris, estimated that there were at least 38,000 other investors nationwide who were in the same predicament.

According to Azizi, he invested RM140,000 and had earned about RM40,000 in dividends before discovering that Bank Negara was investigating it.

“This is serious because it involves a lot of money and many victims,” said Azizi, who is encouraging other investors facing the same problem to join the group.

Businessman Zaharudin Mohd Din, 54, of Senawang was convinced to continue subscribing to the scheme by the timely dividend payments.

“If I knew it was a multi-level scheme, I would not have joined,” he said, adding that he had invested RM66,000.

Bank Negara raided Noradz Travel and Services Sdn Bhd, along with three other companies in October last year, on suspicion of illegal deposit taking and money-laundering.

Under the scheme, cars are rented out to “investors” for RM3,300 each and they are to be used as limousines to ferry tourists.

“Investors” would receive dividends each month depending on how many units of cars they had rented. A single car would bring in a dividend of RM250.

The scheme operated by word of mouth.

The company has also conducted seminars and advertised its products in local newspapers.

Source: TheStar

Bank Negara Malaysia Investigates Asia Ceramic Marketing Sdn Bhd And Its Related Companies

Bank Negara Malaysia has commenced investigations into Asia Ceramic Marketing Sdn Bhd and its related companies under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA). Section 25(1) of BAFIA 1989 prohibits any person from receiving, taking, or accepting deposits without having a valid license, whereas Section 4(1) of AMLATFA 2001 prohibits any person from engaging in, or attempting to engage in, or abetting the commission of money laundering activities.

The raid on Asia Ceramic Marketing Sdn Bhd and its related companies was conducted at the premise of the company in Kuala Lumpur following complaints received from members of the public. Relevant assets and documents of the company were seized for the purpose of investigation.

Members of the public are reminded to be cautious of deposit taking schemes and investment schemes offered through various channels such as the internet, phone calls, or seminars conducted by individuals or companies that are not licensed or approved by the relevant authorities.

Members of the public may refer to the list of licensed institutions authorized to accept deposits which is available on Bank Negara Malaysia's website ( www.bnm.gov.my ).

For further enquiries, members of the public can contact Bank Negara Malaysia at the following contact points:

BNMTELELINK (Customer Service Call Centre)
Tel: 1-300-88-5465
Fax: 03-21741515
Email: bnmtelelink@bnm.gov.my

BNMLINK (Customer Service Walk-In-Centre)
Block D, Bank Negara Malaysia ,
Jalan Dato' Onn, 50480, Kuala Lumpur
(Business hours: Monday-Friday, 9.00 am - 5.00 pm)



Bank Negara Malaysia
23 July 2009

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