Couple in hiding after RM19bil scam


PETALING JAYA: Reports have emerged that a couple allegedly responsible for a pyramid scheme that swindled over 400,000 people in China of 30bil yuan (RM19bil) have fled to Malaysia.

Quoting various media reports in China, Nanyang Siang Pau said the couple – a 26-year-old Chinese national and her Malaysian husband – started a foreign currency investment scheme in Shenzhen promising high returns early this year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , World , pyramid scheme , China , Malaysia , scam

   

Next In Nation

Altantuya's dad supports Azilah's bid to have death sentence commuted
Johor cops to destroy almost RM69mil worth of seized drugs and equipment
‘Tuhan Harun’ cult followers’ death sentence commuted to 40 years in jail
PM calls for more space for Asean MPs to share views
Floods: More displaced in Kedah and Perlis
Man dies in car crash after trying to avoid eagle
20 foreigners to be charged over job scams in Johor court
Three UiTM students killed, another seriously hurt after SUV rams into their m-cycles
Political stability enables necessary changes, key to economic recovery, says PM Anwar
Consensus reached on key points between Malaysia and Singapore at Asean Summit, says Anwar

Others Also Read