KUALA LUMPUR: Call it Zuttelo or Solaris – it’s still an online investment scam, one that has become a bane to society and must be wiped out.
So says Malaysia International Humanitarian Organisation chairman Datuk Hishamuddin Hashim.
“We estimate that this latest online investment scheme syndicate known as Zuttelo has caused over 10,000 victims to lose at least RM3bil,” he said, adding that most of the victims were Chinese.
“We believe the syndicate now goes by the name Solaris and is targeting Malays and Indians,” he said.
“The victims are losing their life savings to these unscrupulous groups that prey on the elderly and those who are not technologically savvy,” he told reporters at the Sentul police headquarters.
He was representing over 180 victims in lodging police reports over the scam syndicate.
“We urge the police to take stern and swift action against this online scam syndicate,” he said, adding that the syndicate has since shut down activities under the Zuttelo name and switched its name to Solaris.
“We urge the government to take stern action and use the Security Offences (Special Measures) Act as well as the Prevention of Crime Act on syndicate members,” he said.
Hishamuddin said such investment scam syndicates were more damaging to society than even drug syndicates.
“Most of the victims were attracted by the offer of high returns, and most…
