: Police have arrested 10 individuals suspected of being involved in an investment scam that fraudulently used the name of the well-known firm Warburg Pincus, leading to losses amounting to RM21.9 million.
“Eight mobile phones, one ATM card and a copy of the company’s registration document were seized during the raids. He said that the syndicate used Facebook’s algorithm system to run investment promotion ads, offering investors returns of up to 11 to 15 per cent per month.
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