News Formal

CCID nabs 17 over RM32.9mil investment scam

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

Courts Crime News

Investment Scam,CCID,Bukit Aman

PETALING JAYA: Poh Kong Holdings Bhd saw its net profit for its fourth quarter ended July 31 (4Q24) increase by more than fourfold year-on-year (y-o-y) to RM22mil, as revenue also grew 8.5% to RM342.5mil.

KUALA LUMPUR: Seventeen suspects have been detained for alleged involvement in an investment scam misusing the name of a legitimate investment company, says Bukit Aman.

"They worked as a company director, a secretary and agents tasked with finding mule accounts for the syndicate. Comm Ramli said the department has opened 66 investigation papers on the scam, which has been blamed for losses totalling RM32.9mil since January."A total of 20 bank accounts comprising seven company accounts, 12 business accounts and a personal account were used by the syndicate," he said.

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
 

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

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.

Retired nurse loses over RM1.9mil in non-existent investment scamNEW YORK (Reuters) - American Frances Tiafoe reached the U.S. Open semi-final for the second time in three years on Tuesday after Bulgarian Grigor Dimitrov retired injured from their match while trailing 6-3 6-7(5) 6-3 4-1.
Source: staronline - 🏆 4. / 75 Read more »