Opposition MPs call on govt to investigate multi-level marketing scheme company

KUALA LUMPUR: Concerned over the possible emergence of another YSLM multi-level marketing scheme, three opposition MPs have called on the government to investigate a company which they claimed was carrying out a similar scheme in Sarawak.
Julian Tan Kok Ping, the DAP MP for Stampin, said he had received several complaints from Sarawakians that the company had allegedly failed to pay back 'promised' returns of over RM56,000 after a member has paid a membership fee of RM3,000 and invested in products worth RM4,500 for returns of between RM45,000 and RM900,000.
"The programme targets senior citizens to invest in this programme, which promises high returns in a short time," he told reporters at parliament lobby today in which DAP MPs Lim Lip Eng (Segambut) and Alice Lau (Lanang) were also present.
Tan claimed the company, blacklisted by Bank Negara in 2012 for carrying out activities without a licence, had set up about nine service centres in Sarawak.
He called on the authorities to investigate if the company's operation now was legal.
Lau claimed she was approached by people from the company a few years ago with the promise to assist the people in the rural area in her constituency.
"They asked me to pay before they can assist me. But when I asked them to follow me to the long houses in my constituency to see how they could help, these people did not show up," she said.
Lim said the government should investigate the matter immediately.
"We have seen what happened to YSLM, which was allowed to operate in Malaysia for two years before the founder Zhang Jian fled to Thailand, and was arrested there," he said.