Forex investor loses RM430,000 cash, RM200,000 worth of jewellery in house break-in

PETALING JAYA: Twelve men have been arrested in connection with the theft of RM430,000 cash and RM200,000 worth of jewellery from the house of a forex investor.

Petaling Jaya OCPD Asst Comm Mohamad Fakhrudin Abdul Hamid said they were alerted after a forex investor lodged a report on Aug 25.

"The man in his 30s claimed that his rented house had been broken into.

"He also claimed that RM430,000 cash and RM200,000 worth of jewellery had been stolen from the house," ACP Mohamad Fakhrudin told reporters on Tuesday (Sept 6).

He said the victim claimed the money stashed was made through forex investments since 2020.

"Based on intelligence gathered, we then arrested 11 men at a petrol station in Seremban at around 3.30pm on Aug 31.

"The group was on a motorcycle convoy when police rounded them up," he said, adding that they seized two motorcycles, six iPhone 13 Pro Max mobile phones, and a Coach sling bag.

He said police then arrested a man in his 20s at a house in Klang.

"We seized one more iPhone 13 Pro Max mobile phone, two watches, one motorcycle, and RM1,000 cash.

"The eleven others also led police to their respective houses around Klang where police seized a Honda Civic car, six gold bracelets, a pair of earrings, motorcycle and car parts, two more motorcycles, four helmets and RM55,950 cash," he said, adding that the total seizure was worth at least RM271,209.

ACP Mohamad Fakhrudin said investigations revealed five of the 12 suspects arrested were involved in breaking into the house.

"Our investigations revealed the mastermind of the heist was a 19-year-old boy, who is the nephew of the victim.

"Further investigations revealed RM158,791 was used to purchase game applications, pay bills, pay for house renovations as well as other cash transactions," he said, adding that one of the suspects even used cash from the loot to buy gold jewellery which he presented as an engagement gift to his fiancee.

He said the suspects have been remanded for seven days to assist further investigations.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Malaysia and Turkiye agree to increase humanitarian aid to Gaza, says Anwar
Kajang cops hunt armed men for gold store robbery in shopping mall
Johor leader supports TMJ’s call for state to be treated as equal partner
Inbound traffic crawling on some major highways on Monday night (June 17)
Malaysia, Pakistan express solidarity with Gazans
Around 30 Malaysian couples head to Southern Thailand each month for polygamy
Three underage boys among four arrested for kidnapping, beating up teenagers
Student loses RM13,750 to online part-time job scam
Sunny side up to drop in prices: Small traders call it 'eggs-cellent'
Sg Bakap polls: No clear favourites, say analysts

Others Also Read