QUOTE(Coconutmaldive1 @ May 11 2023, 08:32 AM)
I am small investors, so SC / BNM may not give me first class treatment.
From SC, I got acknowledgement plus "We will review the matter and take necessary action should our review reveal any breach of the securities law." 2nd time, got officer say will investigate.
From BNMtelilink, officer replied "We thank you for your e-mail on the above matter and we wish to inform you that we have forwarded your email to out internal relevant unit, for their information and further action. If necessary, the unit will be in contact with you."
Tested the tax reporting option.
Dear Sir / Madam,
Thank you for your information. Appropriate action will be taken based on the income tax.
If there is a tax evasion impact, information will be extended to the relevant State Director Office / Department / Branch for their attention.
Terms and conditions for providing information are as follows:
1. Information given is deemed to have been made voluntarily.
2. Information given must be accurate and specific, and supported with evidence, how tax evasion or fraud has been committed.
3. General information based on mere suspicions that a person has not paid tax, or purchased assets, or purchased luxury cars, do not merit considerations for review.
4. You will not be informed as to whether a case will be reviewed or not. You cannot compel the Inland Revenue of Malaysia to take any action or direct the Inland Revenue Board of Malaysia to expedite an action. The action to be taken on a taxpayer is at the discretion of the Inland Revenue Board of Malaysia.
5. You cannot inquire from the Inland Revenue Board of Malaysia to the status of the case, unless there is additional or new information to be passed on.
6. All the information and documents furnished to the Board shall become the property of the Inland Revenue Board of Malaysia.
7. All the information received together with your identity will be treated as confidential matter of the Inland Revenue Board of Malaysia.
May your information increase the country's income.
Thank you for your contributions.
I maybe wrong, but, I guess, there will not be any action from them...
As there are no offices in Malaysia for them to check,
The illegal scheme did not force anyone to join,
This illegal scheme did not cheat any of the investors, as they did do barter trading with your usd with their coins at a 1:1 rate, no one losses.
Investors can exit by selling it.
The low price now, is due to the investors selling it at low.
The company is still not burst or run away .
The promoter's are still promoting.
BTW, the registered founders of tfxi is not in Malaysia.
Even when founders of illegal MG are caught and charged, ...just a little fine was imposed...
Jjptr founder just got fined rm18k....no news about actions on the actions on his network of promoters too.
Anyway, those interested to try report to the authorities are still encouraged to do so.
BTW, why no one go to Michael Chong yet? expose it so as to try stop or reduce new victims??
Hopefully it is NOT Michael chong turned them away bcos the scheme is still operating, investors can still exit and and the company did not runaway with their money yet?
This post has been edited by MUM: May 11 2023, 10:05 AM