Cops: Over RM80mil lost to Zuttelo investment scam, 220 reports lodged since August

  • 📰 staronline
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: Police have received 220 reports involving more than RM84.57mil in losses over the Zuttelo investment scam since August 2022.

Police Force secretary Deputy Comm Datuk Norsiah Mohd Saaduddin said the Commercial Crime Investigation Department was currently conducting an investigation into the scam.

"The case is currently being investigated as cheating under Section 420 of the Penal Code," she said in a statement on Thursday .She said based on investigations, the syndicate began collecting investments from 2020 before its company website went offline in August this year. "Interested parties were made to register via an app downloaded through a website link and were given the option to either invest in money or cryptocurrency," she said.DCP Norsiah urged the public to be cautious and conduct thorough checks via official channels such as the “Semak Mule” app, Bank Negara Malaysia's Alert List and the Securities Commission before making a decision to invest in any scheme.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hahaha faces that thought by giving into their greed of 16% monthly return will make them rich fast. Never have common sense. Why they want to pay you 16%/month when they can get loan at 6%.

how could they easily falls into such a scam.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Renovation works may have led to fire at Finance Ministry, say copsPUTRAJAYA: Sparks from a nearby renovation works that accidentally hit a pile of papers is believed to have caused the fire at a dumpsite located on the ground floor of the Finance Ministry here on Tuesday (Dec 6). Evidence Butohlah hai File banyak terbakar?
Source: staronline - 🏆 4. / 75 Read more »