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Cops arrest 29, bust investment scam syndicate

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KUALA LUMPUR: An investment scam syndicate was busted with the arrests of 29 people in four states.

Police secretary Deputy Comm Datuk Noorsiah Mohd Saaduddin said 19 men and 10 women aged between 24 and 38 were nabbed by the Bukit Aman Commercial Crime Investigation Department in a series of raids in Kuala Lumpur, Selangor, Perak and Johor on Feb 21.

DCP Noorsiah said that those arrested have been remanded for further investigations and added that the case is being investigated under Section 420 of the Penal Code. DCP Noorsiah then said that the schemes believed to have been run by the syndicate include Alpha Mineral Global, Asia Investment VIP and Max Profit.

"However, we urge those who have been victims of the syndicate to come forward and lodge a police report at the nearest police station.

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