Gold trading scam syndicate behind RM440k in losses being hunted by police

PETALING JAYA: Police have received 15 reports in connection with a gold trading scam syndicate.

Federal Commercial Crime Investigation Department director Comm Datuk Zainuddin Yaacob said the syndicate promised returns of between 30% and 70% to its victims and was run by a suspect by the name of Arma Nazirah Abdul Manaf.

"The investments were made between June 2019 and August this year.

"The suspect would offer victims a chance to invest in gold trading and would meet the victims in person to convince them to invest.

"The suspect also had agents to promote the investment," he said Friday (Dec 11).

He said investigations revealed the victims would transfer cash to three bank accounts, a Maybank account under the name of Zeti Amira Abdul Rani, a CIMB account under the name Arma Nazirah Abdul Manaf and another CIMB account under the name Mazila Misngat (correct spelling).

"We have received 15 reports so far and have opened three investigation papers in Kajang, Teluk Intan and Beaufort involving losses of about RM440,000.

"The main suspect has been charged in court in connection with the case in Kajang while two other cases were still under investigation," he said.

Meanwhile on an unrelated matter, Comm Zainuddin said police were looking into suspicious Umrah packages being offered following the announcement by the Saudi Arabian government allowing pilgrimages while following strict standard operating procedures.

"A Malay daily had reported that the Tourism, Arts and Culture Ministry was investigating such cases.

"We take this issue seriously. For the time being, all pilgrimages are not allowed but we also cannot rule out that the announcement by the Saudi Arabian government could give opportunities to criminals to dupe unsuspecting victims," he said adding that no police reports have been lodged on the matter so far.

Comm Zainuddin assured the public that police would investigate the matter.

"If you do come across such packages do not hesitate to come forward and lodge a police report," he said advising the public to be cautious when offered any packages or investment offers.

He said the public can check with the relevant agencies or authorities including the police for verification.

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