Police cripple investment scam syndicate, arrest 29 in nationwide raids

KUALA LUMPUR, Feb 25 — Police have arrested 29 individuals behind an investment scam syndicate in raids in Kuala Lumpur, Selangor, Perak and Johor.

The syndicate was behind several fraudulent investment schemes offering high returns, she said in a statement. She said police also seized 75 handphones, 73 ATM cards, 64 units of jewellery and RM14,501 in cash during the operations.

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