KUALA LUMPUR: Singer Datuk Jamal Abdillah has lodged a police report, claiming he lost RM2 million due to the failure of an investment company to pay him dividends and return his investment money.
Harian Metro reported that the 65-year-old artiste lodged a police report with the Commercial Crime Investigation Department.
"I have checked with the Securities Commission and Bank Negara Malaysia and found that the company does exist. Many people invested in it, and they were promised a dividend of eight to 12 per cent a year.
"I was interested and invested about RM2 million. The first, second and third year dividend payments were okay.
"But after the fourth year during the Movement Control Order (MCO) they were unable to pay and have been avoiding investors ever since," he said.
Jamal said that police reports were made in Bukit Aman and Shah Alam but claimed that no action has been taken by the Deputy Public Prosecutor (DPP).
"Don't just let it go because many people are affected. They collected almost RM1 billion. Some got their deposits back when they filed lawsuits in court."
Jamal's lawyer Datuk Kamaruzaman Arif said that the singer made a police report after he did not get the promised investment returns.
"At the beginning of 2018, Jamal was introduced to an investment scheme and was promised a return of 12 per cent a year.
"To date, the investment company has failed to make dividend payments for annual earnings."
Jamal said he and his fellow investors made checks on the accounts of the company and these showed that they had been making profits during the investment period.