News Formal

Bogus Datuk Seri among nine nabbed over nonexistent investment scheme

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

KUALA LUMPUR: A bogus Datuk Seri has been arrested for allegedly setting up a nonexistent investment scheme and taking RM3.32mil from investors.

Federal Commercial Crime Investigation Department director Comm Datuk Kamarudin Md Din said police recently detected the syndicate, which went by the name Pelaburan Planetrade .

"The mastermind, a 46-year-old man who called himself a Datuk Seri, was among those arrested," he told reporters on Friday . "We seized six vehicles including a Bentley, two Toyota Vellfires, a Mercedes GLC200, a BMW X4 and a Ford pickup truck.

 

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

Datuk Seri are supposed to be hld in high regards, please name this Datuk Seri please

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Bukit Aman probes two investment schemes behind almost RM1mil in lossesKUALA LUMPUR: Two investment schemes, which have resulted in almost a million ringgit worth of losses are being investigated.
Source: staronline - 🏆 4. / 75 Read more »

Bukit Aman probing Al Kahtifah Trust, Madinah Mining investment schemes | New Straits TimesNSTnation Police have opened 38 investigation papers on the Al Kahtifah Trust investment scheme, involving losses of RM468,870 and 28 investigation papers for the Madinah Mining investment scheme, involving losses amounting to RM343,282.
Source: NST_Online - 🏆 17. / 53 Read more »