Questions continue to mount around the RM4.8 million Gigamax scandal, as investors still seek justice and updates following the arrest of three suspects believed to be involved in the fraudulent investment scheme. The suspects were detained at Kuala Lumpur International Airport (KLIA) on May 6, raising initial hopes among victims. However, weeks later, the lack of official updates from authorities has sparked renewed frustration.
MHO Presses Police for Answers
The Malaysian International Humanitarian Organisation (MHO) is now demanding transparency from the Bukit Aman Commercial Crime Investigation Department. On May 16, the group submitted a formal letter asking for clarity on the suspects’ status and the case’s progress.
MHO Secretary Hishamuddin Hashim stated that a Chinese-language media outlet reported the suspects were transferred to Cheras police headquarters after their arrest, yet no official statement has been issued.
Victims Demand Clarity and Accountability
The Gigamax investment scheme allegedly defrauded numerous investors by promising high returns. MHO is currently representing 99 victims, with total reported losses exceeding RM4.8 million. Hishamuddin raised several key questions: Are the suspects still in custody? Have they been released on bail? Has the case been referred to the Attorney-General’s Chambers?
The police had previously confirmed an investigation under Section 420 of the Penal Code, which covers cheating and fraudulent activity. This came after Bank Negara Malaysia acknowledged that the scheme involved criminal elements.
Previous Arrests and Ongoing Silence
This isn’t the first time suspects have been apprehended in the case. In November last year, police arrested 11 individuals—including two women—in multiple states including Kuala Lumpur, Selangor, Pahang, Kelantan, Terengganu, and Melaka. All were between 34 and 59 years old.
Yet despite these developments, many victims feel left in the dark. Sixty-year-old Noraishah Muhammad, one of the affected investors, said the silence is disheartening. “We deserve to know what’s happening,” she said. “We hope the suspects are not being shielded and that the authorities are truly pursuing justice.”
Growing Pressure for Transparency
For victims who lost their life savings, the lack of communication from law enforcement is increasingly difficult to bear. Both MHO and the investors it represents are urging police to break the silence, offer clarity on the investigation, and restore public confidence in the justice process.
