Investment scam operation busted

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GEORGE TOWN: A total of 79 people from China were caught red-handed operating a share market investment scam in two posh bungalows.

Police stormed into the bungalows in Logan Road and found them all hard at work on their desktops and notebooks in the living rooms.

“There were 71 men and eight women from China, and six Malaysian men and one woman. They are aged between 20 and 42.” “During our interrogation, some of them said they were carrying out a stock investment scam targeting victims in China by using computers and mobile phones as a communication mode with the centre of operations being in Malaysia, ” he said.

ACP Che Zaimani said the Chinese nationals had been remanded for 14 days while the Malaysians had been remanded for two days to assist in investigations.

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