12 held for investment scam involving losses of RM11mil

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Kuala Lumpur: Police arrested 12 individuals for their alleged involvement in a fraud syndicate that posed as Goldman Sachs investment firm, involving losses exceeding RM11 million, on Monday.

Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the suspects, aged between 21 and 45, were nabbed in Selangor, Johor, Negeri Sembilan, Sarawak, Perak, Kedah and Penang under Op Nuri 7/24.“The suspects acted as company directors and owners of businesses used as mole accounts in the investment fraud activities.

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“Victims only realised they had been deceived when they failed to withdraw the profits they had earned,” he said.Ramli said police also seized eight units of mobile phones, one pouch bag, two copies of the Companies Commission of Malaysia certificate, a copy of the business registration form, and five copies of Form A .

“All suspects were remanded for three days until yesterday and the case is being investigated under Section 420 of the Penal Code,” he said.

 

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