SHAH ALAM: An elderly man almost invested US$1,000 in a scheme offered by raided investment company XFOX Market Sdn Bhd.
The man, who declined to be named, said he was considering investing when he heard news about the raid.
He said he was added into a WhatsApp group led by an "upline" who was encouraging people to invest in the company.
He said he went to the company's head office in Jalan Nova U5/K here today to see what was going after he read news about a raid.
"After news about the raid came out, some of my friends who have invested but live far away asked me to come to the office to see if the news is true. When I came here, the office was closed," he said outside the company's office today.
He said he had come to the office before to get information on an investment scheme he was interested in, ready to fork out US$1,000.
"The returns were attractive, but I wanted to take some time to decide before I went forward.
"Thankfully, news about the raid came out before I put in any money."
Earlier today, it was reported that Bank Negara Malaysia seized luxury items and froze 92 bank accounts worth more than RM30 million that are believed to be linked to an investment company suspected of carrying out fraudulent activities.
The central bank said the joint raid targeted XFOX Market and several other entities suspected of committing financial offenses.
While it was business as usual for some of XFOX Market's subsidiaries today, its head office and its gold shop at Pusat Perniagaan Jalan Nova were closed.
A security guard, who declined to be named, said the head office and the gold shop had been closed since the raid on Tuesday.
"The restaurant, sports centre, frozen food shop, hostel and mart are open for business."
He said when he arrived for work about 8am on Tuesday, he saw many people, including police, entering the office.
"Since then, the office and the gold shop have been closed. We have not been told when they will reopen."
Product analyst manager Khairul Azman, 36, who works nearby, said he used to see buses taking elderly people to the XFOX Market office.
"The last time I saw one of those buses was two weeks ago."
He said he saw police visiting XFOX Market's gold shop about a week ago.
"I suspected that something was not right because this area has very little foot traffic. I wondered if it was a scam."