BSN Scam Payouts Begin Next Week, Victims Finally Get Answers

Sarawak Democratic Action Party (DAP) chairman Chong Chieng Jen has been informed that Bank Simpanan Nasional (BSN) will begin disbursing payouts to some victims of an employee-linked investment scam as early as next week.

In a statement, Chong said his party would continue to closely monitor the payout process to ensure affected victims receive the compensation they deserve. He added that discussions with the bank have been ongoing since the issue first came to light late last year.

“Since my first exposé on Nov 28, I have held several meetings with BSNs executive management and have personally followed up on all the cases that were referred to me,” he said.

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Chong was responding to the emergence of another victim who recently came forward seeking his help after realising he had fallen prey to the scam, which was allegedly carried out by a BSN employee. The victim, identified as Hong, had invested RM300,000 last year in what he believed was a legitimate investment fund recommended by the employee.

According to Chong, Hong only discovered that his investment was a scam after reading media reports about the exposé. Alarmed by the news, Hong immediately went to BSN to verify his investment, only to be told that the bank had no record of him being an investor in the fund.

Following the discovery, Chong said the victim lodged a police report and filed a dispute claim. He also travelled to Kuala Lumpur to submit a report to Bank Negara Malaysia in an effort to recover his losses.

Meanwhile, the Stampin Member of Parliament noted that two charges have so far been brought against the suspects, involving sums of RM16,000 and RM300,000 respectively. However, Chong stressed that the case is far from over.

“Given that the main suspect is believed to have cheated more than RM11 million from over 70 individuals, I expect more charges to be brought against those involved,” he added.