Syndicate gains millions from fake portfolios


PETALING JAYA: Tens of millions of dollars were lost after an international syndicate with bases in the country successfully scammed overseas victims with fake investment portfolios in the past few years.

A joint operation by the Malaysian Anti-Corruption Commission (MACC) – together with the Immigration Department, Inland Revenue Board and Cyber Security Malaysia – led to the arrest of 81 suspects including British and Philippine nationals.

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fake , investment , portfolios

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