Over 300 Foreign Nationals Arrive in Malaysia Seeking Justice in $25 Billion Fraud Case

More than 300 foreign nationals arrived in Malaysia on Tuesday, April 21, 2026, to seek justice after losing more than 8 billion ringgit to a fraudulent online investment scheme, their lawyer Andy Yeoh said. The scheme, allegedly operated from Penang, Malaysia, defrauded investors worldwide of close to 100 billion ringgit, equivalent to US$25 billion, South China Morning Post reported.

It operated for more than three years, showing steady gains, smooth withdrawals, and returns of up to 5 percent every fortnight.

The victims consist of more than 300 foreign nationals, mostly small-time businessmen and salaried employees, Andy Yeoh stated. They consist largely of mainland Chinese nationals. The victims also include others from Taiwan, Andy Yeoh said.

Additional victims come from South Korea. Others affected hail from Thailand, according to Andy Yeoh. The group further includes individuals from Vietnam. The fraudulent scheme is named ‘High Inspirations’ scam, South China Morning Post reported.

For more than three years, the numbers on their screens told a convincing story, with steady gains and smooth withdrawals encouraging many to invest more of their hard-earned savings. Encouraged by the early outcome, many doubled down, pumping in more savings into a scheme they thought was the answer to luxury and a comfy retirement, the South China Morning Post detailed.

The scheme then collapsed, resulting in significant losses for investors.

Andy Yeoh is the lawyer representing the victims, as reported by The Star. The arrivals mark a push for justice over the alleged fraud that targeted people across Asia and beyond.