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Bukit Aman: Nine held in investment scam involving almost RM1.9m losses in KL, Kedah and Johor | Malay Mail

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Bukit Aman: Nine held in investment scam involving almost RM1.9m losses in KL, Kedah and Johor

KUALA LUMPUR, June 21 — Nine individuals aged between 23 and 62 were arrested on Saturday on suspicion of being involved in investment scam schemes involving losses amounting to nearly RM1.9 million around Kedah, Kuala Lumpur and Johor.

“Several packages are offered, ranging from ‘trainee’ packages worth as low as US$100 to ‘Capitalist’ packages worth US$10,000,” he said in a statement today. “Investors are instructed to make investment capital payments to several bank accounts directed by the syndicate, but the victims never got any returns from the capital issued for the investments,” he said.

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