Due to believing in a "get-rich-quick" investment scheme, many investors emptied their savings, sacrificed their children's tuition fees, and even borrowed money to invest, only to lose everything. Not only did they lose money, but they also faced broken marriages, disdain from children and friends, and endured immense mental stress under a "total loss" situation!
Among them, three Chinese victims, who collectively lost over 3.6 million RMB (approximately 2.2 million MYR), were extradited to China for trial under the escort of Thai and Chinese law enforcement officers, following the arrest in Thailand of the Malaysian founder of MBI International Group, Zhang Yufa, on charges of fraud and online money laundering. They arrived in Malaysia recently, hoping to seek justice through legal proceedings.
A Malaysian lawyer, Yu Jiafu, who was entrusted by 400 Chinese investors to file a civil lawsuit, assisted three victims from China last night in detailing their experiences of losing their investments through a phone interview with "China Press".
Yu Jiafu (second from left) with three other investors from China.
Ms. Liao (48, from Guangdong) pointed out that she invested 1.6 million RMB (approximately 979,921 MYR) in the scheme in October 2016, following her neighbor's recommendation.
"In 2019, I visited Malaysia to inspect the situation and saw widespread advertisements, thinking it was recognized by the Malaysian government, I hesitated no more and invested a large amount of money; but about a year later when I tried to withdraw, I found that the investment platform had already shut down, and the money I invested was gone without return."
"I lost a house and a huge amount of cash, and now my child's tuition and living expenses are a problem, and my marital relationship is also on the brink of collapse."
Another investor, Mr. Li (45, from Jiangxi), said that he invested about 800,000 RMB (approximately 489,960 MYR) in August 2015, following a classmate's introduction, and was unable to withdraw any funds.
"I am just a worker, and I invested behind my family's back. Now I have lost everything, and besides my wife being displeased with me, my child also blames me for having to bear the university tuition fees on their own."
On the other hand, Yu Jiafu pointed out that Zhang Yufa's extradition to China to face local legal sanctions is a hopeful start for the investors. He will continue to fight through Malaysian law to recover the lost investment funds for the parties involved.
He mentioned that the case has now entered legal proceedings and is scheduled for court on October 7th.
