KUCHING: Sarawak United People’s Party (SUPP) Public Complaint Bureau chief, Milton Foo, has urged Prime Minister and Finance Minister, Datuk Seri Anwar Ibrahim, as well as Bank Negara Malaysia, to conduct a thorough investigation into the alleged BSN Makmur investment scheme and prosecute those responsible.
Foo said the case involves public interest and could undermine trust in Malaysia’s financial system if not addressed promptly.
He revealed that his office, together with the Persatuan Kebajikan Bersatu Kuching, has received complaints involving about RM230,000 from several individuals, all of whom have lodged police reports and submitted customer dispute forms to the bank concerned.
While media reports estimate nationwide losses at around RM11 million, Foo noted that the cases currently handled represent only a fraction of potential victims, with more expected to come forward.
Rather than focusing on refunds, Foo urged affected individuals to verify their investments directly with the bank.
“Anyone who placed money under the so-called investment or savings scheme should go to the bank counter to confirm whether such products exist in the bank’s system,” he said during a press conference at the SUPP Headquarters here today.
He added that if no record is found, victims should immediately lodge a police report and submit it to the bank via the customer dispute form.
Foo cautioned that the alleged scheme may have been operating for more than a year, raising the possibility of overlapping or additional cases emerging as investigations continue.
He stressed that the issue goes beyond a single bank and affects the credibility of Malaysia’s entire financial system.
“This is not merely an internal matter. It has broader implications for public confidence and Malaysia’s reputation, including internationally,” he said.
He also reminded the public to remain vigilant in financial dealings, advising them to conduct transactions at physical bank counters and avoid online links or communications that could be impersonated by scammers.
Reiterating his advice, Foo urged affected individuals to keep transaction receipts, verify accounts with the bank, lodge police reports where discrepancies arise and submit dispute forms promptly.
Those needing assistance may approach non-governmental organisations (NGOs) or the SUPP Public Complaint Bureau, which remains ready to help affected members of the public, he added.
