In a statement released today, the regulatory body said it will review the complaint and take appropriate action if there are breaches of securities laws.

“The SC takes all complaints seriously and remains committed to the discharge (of) our statutory power to uphold the integrity of the capital market, including safeguarding investors’ interests,” the statement said.

Last month, hundreds of people claimed to have lost more than RM100 million in total after investing in a company offering high returns since 2021.

MHO secretary-general Hishamuddin Hashim said the company had offered dividends of between 3.1%-3.3% per month, and had used corporate personalities to convince members of the public to purchase Islamic redeemable shares.

“The company also would convince investors by claiming that it is registered as a limited corporation with the SC,” Hishamuddin said, adding that his organisation had received more than 330 complaints from victims.

“The company has managed to trick more than 700 investors,” he revealed at a press conference after joining with 100 victims to lodge a report against the company at the Sentul police headquarters on March 4.

Hishammudin had also called upon the authorities to act quickly in the matter.