Commercial Crimes Investigation Department director Datuk Seri Ramli Mohamed Yoosuf today said a scam posing as a Warburg Pincus investment has resulted in RM21.9 million in losses, with 44 investigations opened by the Royal Malaysian Police so far. — Bernama picKUALA LUMPUR, Aug 13 — Bukit Aman Commercial Crimes Investigation Department director Datuk Seri Ramli Mohamed Yoosuf today said a scam posing as a Warburg Pincus investment has resulted in RM21.
He said that 10 locals, including five women, aged between 21 and 52 were arrested following raids in Selangor, Kuala Lumpur, Johor, Perak, Kedah, Sabah, and Sarawak on July 30 and 31. “Acting on intelligence related to investment scam syndicates, several raids were conducted on July 30 and 31, 2024, in Selangor, Kuala Lumpur, Johor, Perak, Kedah, Sabah, and Sarawak.
“As a result, 10 local individuals, including five men and five women aged between 21 and 52, were arrested. Those detained are believed to have acted as company and business owners and directors involved in facilitating the scam,” he told reporters during the department’s weekly press conference here today.