KUALA LUMPUR: At least RM6.71mil has been lost due to a bogus Sencapital investment scheme, says Police Force secretary Deputy Comm Datuk Noorsiah Mohd Saaduddin.
She said the Commercial Crime Investigation Department (CCID) detected the fraudulent scheme recently, adding that a total of 42 police reports have been received about it.
"They received 42 reports involving losses of at least RM6.71mil. Checks revealed the scheme was active from the end of 2022.
"It was offering share purchases as a means to invest in the scheme," she said in a statement on Thursday (March 2).
She added that investors who were interested in participating in this scheme would be included in a "JP Morgan Business School" WhatsApp group.
"Investors were then asked to register and purchase the shares offered through a website.
"For payment purposes, investors were requested to make money transfers to several different company accounts," she said, adding that since February, the Sencapital website could no longer be accessed.
She said once the website became inactive investors could no longer withdraw the money they invested.
DCP Noorsiah said that investigations have been opened under Section 420 of the Penal Code for cheating.
"We urge anyone who has become a victim of the syndicate to come to the nearest police station and lodge a police report," she said.
DCP Noorsiah urged the public to always be vigilant and perform a more detailed review before joining any promising investment or savings scheme even if the profit was too good.
She said the public should perform more thorough checks through officials sources such as https://semakmule.rmp.gov.my, Bank Negara Malaysia and the Securities Commission before making a decision to participate.