10 nabbed as cops bust investment scam that duped victims of almost RM22mil

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Courts Crime Berita

Investment Scam,Suspects,Arrested

THE DECISION on whether to elect a new mayor or extend Datuk Seri Kamarulzaman Mat Salleh's tenure is likely to be made on Tuesday (Aug 13) by Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR: Police have arrested 10 people in connection with an investment scam that misused the name of a reputable firm to dupe 44 victims out of RM21.9mil.

Bukit Aman Commercial Crime Investigation Department director Comm Datuk Seri Ramli Mohamed Yoosuf said the suspects, five men and five women aged between 21 and 52, were detained in raids in Selangor, Kuala Lumpur, Johor, Perak, Kedah, Sabah and Sarawak on July 30 and 31."We also seized items including eight mobile phones, an ATM card, and a copy of a company registration document," he told a press conference at CCID headquarters here on Tuesday .

Comm Ramli said victims would have to download a mobile application and use it to transfer money to what is believed to be a mule account.A total of 44 investigation papers involving RM21.9mil in losses have been opened so far, he said.Comm Ramli reminded the public that investment offers on social media platforms must be considered scams."Only invest in schemes certified and approved by authorities such as the Securities Commission and Bank Negara Malaysia," he said.

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