KUCHING: Bank Simpanan Nasional (BSN) is expected to begin compensating some victims of an investment scam linked to one of its employees starting next week, according to Sarawak Democratic Action Party (DAP) chairman Chong Chieng Jen.
In a statement, Chong said he had been informed of the impending payouts and assured that his office would continue to closely monitor the process to ensure affected individuals receive fair treatment.
“Since the first exposé on November 28, I have held several meetings with BSN’s executive management and followed up on all cases that were brought to my attention,” he said.
Chong’s remarks came after another victim of the scam came forward seeking assistance to recover his losses. The latest victim, identified as Hong, allegedly invested RM300,000 in 2024 in an investment scheme proposed by the BSN employee involved.
According to Chong, Hong only realised he had been scammed after reading media reports about the case earlier this year.
“After reading the news, he went directly to BSN to check on his investment, only to be informed that the bank had no record of him being an investor in the fund,” Chong said.
The victim subsequently lodged a police report, filed a dispute claim and travelled to Kuala Lumpur to submit a report to Bank Negara Malaysia.
Chong, who is also the Stampin Member of Parliament, said two charges have so far been filed against the suspects, involving sums of RM16,000 and RM300,000 respectively.
However, he noted that the main suspect is believed to have defrauded more than RM11 million from over 70 individuals, leading him to expect additional charges to be brought forward.
He stressed that the case highlights the need for stronger safeguards, accountability and transparency within financial institutions to protect the public from similar abuses of trust.