Police nab six in multiple states in Kakaue investment scam linked to RM18m losses

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Bukit Aman News

Commercial Crimes Investigation Department,Police,Arrest

KUALA LUMPUR, Oct 18 — Police have arrested six local individuals suspected of being involved in the “Kakaue” investment fraud syndicate, which has resulted in losses...

Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said that during the raids conducted from October 7 to 11, four men and two women aged between 19 and 41 suspected of being involved in the ‘Kakaue’ investment fraud syndicate were apprehended.

“Based on investigations, the syndicate advertised investment offers through Facebook, using the name Kakaue, which falsely claimed to operate as a cryptocurrency investment broker. He explained that victims could see their investments generating profits on the downloaded application, however, when they attempted to withdraw it, the company would provide excuses.

During the raid on Oct 9, six men and three local women aged between 17 and 31 were arrested at a condominium suspected of being used as a call centre for the syndicate’s activities, he said.

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