The multi-level marketing scheme by purported
Chinese millionaire Zhang Jian is an illegal set up and authorities will act by
sealing its premises if there are activities.
The
domestic trade, co-operatives and consumerism ministry confirmed the company
has never applied for any operating licence from the ministry and cautioned the
public against participating in schemes offered by the company.
Its
secretary-general Alias Ahmad has advised those who have made investments in
the multi-level marketing scheme operated by Zhang – who proclaimed himself as
“the future richest person in the world” – to lodge a police report.
“It is
an illegal scheme because the company is not registered with the ministry.
Hence, the act of taking deposits from the public is illegal.
“Those
involved should lodge a report so that the police can initiate criminal
investigations into the matter,” he said.
In
George Town, the Penang Municipal Council said Zhang has been operating his
business activities on the island without a licence.
The
council’s public health and licensing alternate chairman, Ong Ah Teong, said
the operator of Yun Shu Mao in Tavoy Road could be fined 250 ringgit (US$78.60)
for the offence.
“We
have not received any application from the operator, and I will ask my officers
to check the premises.”
A check
at Yun Shu Mao’s office in Tavoy Road found that the business was operating as
usual yesterday.
It is
believed the company has collected around 300 million ringgit ($94.30 million)
since it began its business in Malaysia some time late last year.
Zhang’s
business model has raised eyebrows. According to the company’s online
advertisements, people can earn big money without having to work.
By
merely investing 300 ringgit ($93.30), members are guaranteed an income of
between 2,700 ringgit ($848.70) and 6,800 ringgit ($2137.50) a month – without
lifting a finger.
Alias
has directed the ministry’s state offices to be on the look out for the company
and act should there be any activities at the business premises.
He said
investigations were also being made on another company to determine it’s
co-relation with Zhang’s business outfit.
The
other company is a registered entity dealing with cosmetic products.
Mazwin
Nik Anis
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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