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Macau police probe MOP 56 million-investment scam

The Judiciary Police (PJ) said they are investigating a suspected fraud case involving a local investment company and at least 53 victims who lost a total of MOP 56.54 million, on Monday. PJ spokesman Choi Ian Fai announced the city’s latest scam at a regular press briefing. Choi said that the 53 people – 48 local residents […]

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UPDATED: 22 Dec 2023, 5:47 am

The Judiciary Police (PJ) said they are investigating a suspected fraud case involving a local investment company and at least 53 victims who lost a total of MOP 56.54 million, on Monday.

PJ spokesman Choi Ian Fai announced the city’s latest scam at a regular press briefing.

Choi said that the 53 people – 48 local residents and five mainlanders – had begun reporting the case to the police last Thursday.

According to Choi, two of the 53 victims were staff members of the company, which supposedly invested in restaurants and the cultural and creative industries.

Choi did not reveal the name of the company. Choi said the victims had started investing in the company in 2014 and received five per cent of their investment as interest every 60 days, adding that they reported the case to the police when they discovered early this month that the company had closed down and they were unable to contact the people in charge. Choi said that no-one had yet been arrested in connection with the case.

(Macau News/ The Macau Post Daily)

UPDATED: 22 Dec 2023, 5:47 am

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