MELAKA: A foreign syndicate, which operated a fake investment scheme in Melaka, has been busted by police in two separate raids, says Melaka police chief Deputy Comm Datuk Abdul Majid Mohd Ali. He said his men raided two condominiums in Jalan Tun Perak and Taman Kota Laksamana on Nov 24 and 27 respectively before detaining 16 foreigners aged between 20 and 45 years old.
With the arrest, police had solved 26 scam cases involving RM3.2mil in losses, DCP Abdul Majid said.
“The foreign syndicate was using Melaka as their call centre hub.
“Those detained were found to have misused their social visit passes through their involvement in criminal activities, ” he told reporters during a press conference at the Melaka police headquarters yesterday.
DCP Abdul Majid said the syndicate used a fake stock investment website to lure customers to invest.
They used convincing tactics to woo investors but would delete the website if the targeted victims raised any doubts, he said.
DCP Abdul Majid said low property rentals and good telecommunication were among the reasons why this syndicate had set up operations in the state.
Preliminary investigation found the syndicate targeted victims from China and they identified their victims from those who already had stock investment accounts, he said.
He said the case was being investigated under the Penal Code for fraud.
Those arrested were being investigated under the Immigration Act for not having valid travel document and overstaying, DCP Abdul Majid added.
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