Scammed — Then Refunded: BSN Victims Finally Get Their Money Back

The first group of victims involved in the BSN investment scam has begun receiving full refunds, following intervention by Bank Simpanan Nasional (BSN).

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Sarawak DAP chairman and Stampin MP Chong Chieng Jen confirmed that the refunds were paid out last week. In a statement on Monday, he said one of the affected victims, Dr Alex, and his wife each received RM200,000 in full compensation, while his sister was refunded RM300,000.

Chong welcomed BSNs move to speed up the repayment process, adding that refunds would be carried out in stages due to the large number of victims involved and the differing circumstances of each case. He noted that such an approach was necessary to ensure proper verification and handling of individual claims.

He also said he, together with his special assistant Michael Kong, would continue to closely monitor the case to ensure that all victims who lodged complaints through their office would eventually receive their respective refunds.

Earlier, Kong accompanied the three family members to a police station for an identification parade as part of the ongoing investigation. According to Kong, the family had collectively lost RM700,000 after allegedly being misled by a BSN officer into investing in a fraudulent financial product.

Kong added that many other victims were also present at the police station for the identification process. Based on discussions with them, it appeared that the same method was used in each case, suggesting a consistent pattern in how the scam was carried out.