Melco Crown shares “offered” to investors in possible scam

A group of three Norwegian businessmen has been offered to buy shares in Melco Crown Entertainment at a 10 percent discount by callers claiming to be part of Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, Bloomberg reported. Mitsubishi Group is already investigating the possible scam. Melco Crown will consider taking action after studying the case, spokeswoman Maggie Ma said, quoted by Bloomberg. According to one of the Norwegian businessmen, the calls were followed up by e-mails and documents linked to an alegded Mitsubishi Group. A plausible reason for the use of Melco Crown’s shares in this possible scam is because analysts and investors commonly refer to Mitsubishi Electric Co., the Japanese maker of consumer electronics and factory machinery, as “Melco”.