Chinese Embassy in Malaysia warns citizens of online pyramid scam hinh anh 1Chinese nationals stage a demonstration outside a building in Kuala Lumpur, claiming they has lost their life savings to a local investment company named MBI Group International. (Photo: scmp.com)

Kuala Lumpur (VNA) – The Chinese Embassy in Malaysia has warned its citizens not to engage in street protests following complaints from 100 Chinese nationals of being cheated through a Malaysian online pyramid scheme.

The embassy said in a statement that it had attempted to help by recommending Malaysia-based lawyers and holding legal consultation sessions. It also urged Malaysian police to pay greater attention to the case and launch investigations as soon as possible.

In another statement, the Chinese Embassy warned the Chinese nationals, who are on a tourist visa, not to demonstrate as it is illegal in Malaysia.

The statement was issued following reports that many Chinese had staged a demonstration outside a building in Kuala Lumpur, claiming they had lost their life savings to a local investment company named MBI Group International, and demanding the company return their money.

Senior Assistant Commissioner Adlan Ahmad, the principal assistant director at the Royal Malaysia Police's Commercial Crime Investigation Department, said his department had not received any report from the Chinese MBI protesters yet.

Last year, Teddy Teow Wooi Huat – founder of MBI International and its subsidiary Mface International – were charged in court with various offences including issuing electronic payments unrecognised by Malaysia's central bank, promoting pyramid schemes, and involvement in money laundering.

Although he initially pled not guilty, Teow later changed his plea and was fined 3 million MYR (715,000 USD). In 2011, he was slapped with a 160,000 MYR fine for misleading investors./.
VNA