Cops say investment scheme was a scam, syndicate identified and investigations underway


KUALA LUMPUR: Two police reports have been lodged against an investment scheme here, says the police.

“I believe there have been reports lodged against this scheme throughout Malaysia. Losses from the two victims here were RM9,888 and RM10,000, respectively.

“When the police raided the scheme's offices in KL Eco City here, we found that it had been closed since Nov 9.

"It is clear that this is a fake investment scheme because they closed shop and ran away, ” Kuala Lumpur police chief Comm Datuk Saiful Azly Kamaruddin said at the contingent headquarters here Monday (Nov 30).

He also urged all to be wary of such schemes.

“We have already identified the syndicate, ” he added.

In an unrelated case, the police have dismantled two online gambling operations in raids on Nov 27 and 28.

Raids were conducted at two condominiums units in Jalan Kia Peng and a hotel in Bukit Bintang.

Nine people were arrested in the raids on Nov 27 while 29 were caught the next day.

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Investment , Scheme , Scam , Saiful Azly Kamaruddin

   

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