Bukit Aman Commercial Crimes Investigation Department director Comm Datuk Zainuddin Yaakob said syndicates targeted victims in China by offering them fake investments.
Comm Zainuddin said that the syndicate would entice their victims via online platforms such as WeChat to invest in shares, supposedly in the stock market in China. He added that each member of the syndicate is paid between RM2,500 and RM4,000 a month while the syndicate is also able to pay up to RM13,000 a month in rent for their chosen premises.
He added that the police believe that a local man is a coordinator for the syndicate in arranging for lodgings and other logistical needs.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment scams: Cops arrest 12 China nationals in KL call centre raidKUALA LUMPUR: Cops nabbed 12 China nationals following a raid at a call centre here targeting victims of investment scams on Oct 23. Arrest & let go - What’s the point? There’s reason why Msia is a haven for int’l crime op. The China scammers don’t dare to operate their crime in China bcos the punishment in China is unbearable. Msia should upgrade punishment for scamming to death jz like drug trafficking. do we really are too dependent on CCP that they can do almost anything here
Source: staronline - 🏆 4. / 75 Read more »
12 Chinese nationals held over investment scam | The Malaysian InsightNon-existent scheme targets investors from China.
Source: msianinsight - 🏆 8. / 63 Read more »
Investment scam syndicate busted, 12 Chinese nationals detained | Malay MailKUALA LUMPUR, Oct 26 — Twelve Chinese nationals including two women were arrested in a police raid on a hotel, here last Friday for suspected involvement in a non-existent online stock investment scheme targeting investors from China.. Bukit Aman Commercial Crime Investigation Department (CCID)...
Source: malaymail - 🏆 1. / 86 Read more »