Consumerist: Victims of ‘Partnership/JV/Franchisee’ (?) Claim Meat Farm & Business Partner Cheated Them Of Hundreds Of Ringgit! KPDNKK & Agriculture Ministry Urged To Investigate!

Dato Jacob George

Consumerist: Victims of ‘Partnership/JV/Franchisee’ (?) Claim Meat Farm & Business Partner Cheated Them Of Hundreds Of Ringgit!

Government Agencies Urged To Investigate – Among Them – Police , KPDNKK & Agriculture Ministry!

It was supposed to be a sweet franchisee or partnership deal of RM300,000.00 deposits by each partners setting up a fresh meat outlet in various locations in the Klang Valley!

It was supposed to bring forth returns of between 40-50% within 9 months to 1 year!

Dato Jacob George's photo.

The group behind this scheme set up a sales outlet in Bukit Tinggi in Klang as a showroom to promote, induce and collect monies and deposits from prospective ‘investors or franchisees/partners!’

They had planned to set up over 15 outlets throughout the Klang Valley before going national!

Depositors were also instructed to advertise the business in the ‘parent company’s name” using their own monies!

But what the depositors were not told that the proposed franchisee arrangement was illegal and without any approval from the Ministry of Domestic Trade and Consumer Affairs.

Photo

Questions have also been raised on the ‘authenticity and propriety’ of the trade mark used by the group!

The operating business license and premise was not in the name of the investor but continued in the name of the ‘Meat Farm!’

The depositors alleged they were not aware on the onset of serious breaches of business ethics with conflict of interests situations, manipulation of prices on meat supplied at exaggerated prices, labour and transportation costs, renovation costs, cooked up accounts forcing the business venture to be unproductive and ending in a loss!

They claimed that agreements that were prepared contained unfair trade clauses which were one sided and unfair!

Bills presented for renovation done for the business outlets were allegedly fabricated and on the high side and proper independent accounts were not presented it was alleged!

The depositors claimed they were then urged for capital injections to stay afloat failing which an unethical one sided hostile buyout scheme was introduced!

When the depositors fought back they alleged they were harassed, threatened and issued repeated legal notice.

There were deductions made to employees for EPF which were never submitted to the EPF which is a violation of EPF laws in the country.

The depositors have so far made 7 Police reports (5 in Kepong and 2 in Subang Jaya).

The Consumers Association of Subang and Shah Alam, Selangor (CASSA) and the Selangor Consumer Council (GPNS) is urging the Ministry of Domestic Trade and Consumers Affairs (KPDNKK), the Ministry of Agriculture, and Agro Based industries, the Police, the Commercial Crime Division, the MACC, the Inland revenue agencies and other relevant government agencies to investigate whether the group indeed had the required government approvals, licenses, trade mark licenses and Franchisee certificates from KPDNKK or whether this is indeed an illegal depositing taking or money laundering scheme in progress here masquerading as a ‘Farm Outlet’ to cheat innocent and unsuspecting Malaysian consumers?

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