Peter Lim makes police report against claims linking him to get-rich-quick schemes

VETERAN investor Peter Lim has lodged a police report against those who have made online claims linking him to get-rich-quick investment schemes.

"Mr Lim categorically denies that he has anything to do with the claims made in these reports. He is concerned and alarmed that his name is and continues to be used by parties with possible ill intentions to mislead unsuspecting members of the public, so he has lodged a police report,'' the billionaire's private office said in a media release.

It also advised members of the public to protect themselves against these false and misleading claims to avoid becoming potential victims of get-rich-quick scams. Netizens should also refrain from circulating and reposting these false claims.

Mr Lim, whom Forbes has ranked number 11 among Singapore's top 50 richest with a net worth of about US$2.4 billion, is a well-known figure in the local stock market. Nicknamed "Remisier King", the former stockbroker's name has appeared in various online sites, including one which falsely quoted him revealing his "secret formula that the average Singaporean is using to make fast money from home".