Home Scam/Fraud Brunei Investment Agency denies involvement in Malaysian investment scheme — Scam Guards

Brunei Investment Agency denies involvement in Malaysian investment scheme — Scam Guards

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BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): The Brunei Investment Agency (BIA) on Wednesday (April 21) issued a statement, following news reports of a fraudulent investment scheme in Malaysia.

“The Brunei Investment Agency has been made aware of press reports of investment scams which use the name of the agency. These reports were extensively covered in the Malaysian press, ” said the BIA statement.

“BIA would like to clarify that it is not involved in the investment schemes reported, which have been perpetrated by individuals unknown and unrelated to BIA.

“BIA is a statutory corporation whose objective is to manage the General Reserve Fund of Brunei Darussalam. BIA does not issue any investment products or any investment schemes for the public, ” it said.

The statement continued, “BIA also does not solicit for funds or investments from members of the…

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