'Datuk Seri' among nine nabbed over Planetrade investment scam

: Police arrested nine locals, including a man who used a fake “Datuk Seri” title on suspicion of being involved in a non-existent investment fraud syndicate Planetrade, in separate raids on Monday.said all the suspects, including six women aged between 41 and 62, were nabbed around Kuala Lumpur, Selangor and Penang.

“Other suspects are agents or those actively carrying out the activities of the companies and all of them are remanded for between two to four days starting March 2 to assist in the investigation,“ he said at a press conference at Menara KPJ here today. “Investigations found that the syndicate started operating in January 2021 and offered the purchase of ‘preference shares’ which promised a fixed profit rate of around four to five per cent per month from the capital invested.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cops nab nine, including ‘Datuk Seri’, over Planetrade investment scam | Malay MailKUALA LUMPUR, March 4 ― Police arrested nine locals, including a man who used a fake “Datuk Seri” title on suspicion of being involved in a non-existent investment fraud syndicate Planetrade, in separate raids on Monday. Bukit Aman Commercial CID director Datuk Mohd Kamarudin Md Din said all...
Source: malaymail - 🏆 1. / 86 Read more »

Bogus Datuk Seri among nine nabbed over nonexistent investment schemeKUALA LUMPUR: A bogus Datuk Seri has been arrested for allegedly setting up a nonexistent investment scheme and taking RM3.32mil from investors. Datuk Seri are supposed to be hld in high regards, please name this Datuk Seri please
Source: staronline - 🏆 4. / 75 Read more »

'Datuk Seri' nabbed over fake investment scam | New Straits TimesNSTnation Those arrested include a 46-year-old man who is the mastermind of the syndicate as well as several agents and individuals involved in operating the company owned by the man. Investment Scam Police Syndicate
Source: NST_Online - 🏆 17. / 53 Read more »