Thursday 28 Mar 2024
By
main news image

(May 15): A day after the second son of Prime Minister Datuk Seri Najib Razak denied any involvement with multilevel marketing company UFun, another company linked to him has also denied being involved with the organisation that allegedly cheated thousands of people in Thailand.

Sagajuta (Sabah) Sdn Bhd, of which Mohd Nazifuddin Najib was at one time director and chairman, said it had lodged a police report on April 23 last year over rumours linking it to UFun.

"Sagajuta (Sabah) Sdn Bhd has never sold any property to UFun Club nor sold any UFun tokens. Any insidious link created by anyone is pure malice," it said in a statement today.

"The Board also confirms there was no agreement to sell 30% shareholding in Lagenda Erajuta Sdn Bhd to UFUn as mentioned in the media."

Sagajuta was allegedly linked to UFun, a company that ran a Ponzi scheme and sold Utokens, a digital currency used to buy items and services online.

Nazifuddin's name came into the limelight after a video aired on Thai television station NOW26 said that he was involved in UFun and could not be touched because of his links to the prime minister.

Nazifuddin in a statement yesterday said he had resigned from the posts of director and chairman of Sagajuta in May 2012.

"I have no involvement with the group and have already told the police, Bank Negara and the Thai embassy of this incident when I first discovered it a couple of years back," he was quoted as saying in media reports

"UFun has used my name to deceive buyers to encourage them to enrol in their Ponzi scheme."

He also said that a video linking him to the controversial company, that has now gone viral, was a "libellous personal attack", claiming that he had fallen victim to cyber-bullying.

"I will not be hampered by these malicious attempts to defame and character-assassinate me," he was reported as saying.

UFun had allegedly cheated more than 120,000 people of RM4 billion.

Authorities in Thailand and Malaysia are still looking for those purported to be behind its operations, including UFun group executive chairman Datuk Daniel Tay and two other Malaysians.

It was reported that several suspects have been detained as part of investigations into the case. – The Malaysian Insider

      Print
      Text Size
      Share