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More than 300 foreign nationals on Wednesday (April 22) sought recourse after allegedly losing more than RM8bil to a fraudulent online investment scheme with a Malaysian from Penang said to be the mastermind.

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Transcript
00:02So our client was introduced to this platform, arrangement which represented to be a legitimate platform capable of generating consistent
00:12and constant income to all of them.
00:16The investment platform started at 2018, and some of them started to invest after 2021, 2022, but they pulled the
00:25plug since 2021 September, and the platform was being closed since 2025 September.
00:34In English, it's called high inspirations. In Chinese, they call it as high hui guo ji.
00:39This guy is one of the key men who introduced the scheme to them. Yes, he did. I think through
00:47many, many occasions, even the victims here, they have all the videos that he was the one who explained the
00:57scheme to them and promised them all the returns and somehow now disappear.
01:02What was the promise return?
01:055%. 5%, but not monthly. It's not monthly. It's per transaction. From the starting point, it's about two weeks. Within
01:13two weeks, they can get the return.
01:14But after that, it becomes slower and slower, and until the platform was being closed.
01:19The police accepted the lodgement of police report, and now I believe we will update, we will update, we will
01:29get the police update and see whether there's any investigations.
01:33Part of the establishment is China national?
01:37China, Korea, and also Taiwan.
01:40The reason why not all the victims come over, because most of them was being, they do not have any
01:49money.
01:50Even seven of them, how they come is they can put all the money and buy the ticket to come
01:56over to Malaysia to lodge police report.
01:59That's why, that's why you will not see like everyone is here.
02:03One of the victims told us that they are all small business owners, they are all under employment, and of
02:11course they spend all their hard-earned money in this investment, hope that they can get some reasonable return.
02:19However, after they invested in this scheme, all their hard-earned money was gone.
02:24The people who have been arrested, they have been arrested for the long-term care, and they have been arrested
02:30for the long-term care.
02:55Today, we are not aware of the social media.
02:58This is to protect the most basic right-wing law.
03:01We hope through the right-wing law and right-wing law,
03:05and we also want to encourage the public and the public and the public and the public and the public
03:10and the public and the public and the public.
03:24You
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