Malaysian PM's son denies links with UFun

Mohd Nazifuddin said a video, which had gone viral alleging his involvement with UFun, was a “libellous personal attack” in an attempt to smear his name and reputation.

“UFun has used my name to deceive buyers to encourage them to enrol in their ponzi scheme.

“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.

“I resigned from the posts of director and chairman of Sagajuta Group on May 31, 2012, a company that has been allegedly connected to UFun,” said Mohd Nazifuddin in a statement yesterday.

UFun became a major controversy in Thailand for allegedly cheating more than 100,000 victims worldwide.

Thai and Malaysian authorities have been on the hunt for those behind the scheme. 

Several people have been arrested during the investigations into scheme. Thai police are also looking for three Malaysians, which includes UFun group executive chairman Datuk Daniel Tay.

In two YouTube videos recently, Tay denied allegations that his company was involved in fraud.

Mohd Nazifuddin said this had been an “unfortunate” experience as he had inadvertently become the victim of cyber bullying.

“I will not be hampered by these malicious attempts to defame and character assassinate me,” he added.