KUALA LUMPUR: Three directors of a company called Giganation GIB Bhd have been detained in an investigation into an alleged investment scam resulting in RM3.9mil in losses.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said 57 police reports had been lodged nationwide on the case since March 15, 2021.
“Investigations showed the company started operations in 2017 and conducted real-estate development, asset development and liability management,” he told a press conference here yesterday.
He said the company promoted its investment scheme through Facebook and agents it had appointed.
“It offered two types of investments – GIB Sub-Let 2020 and GIB Sub-Let Flipping 2020.
“Funds from investors were invested in real estate with promised returns of RM540 every 45 days for the first package and every 60 days for the second package,” he said.
Comm Ramli said most investors only received dividend payments for the first two months.
“Three people aged between 49 and 57 were detained last week. They have been remanded until Tuesday (today) to assist the investigation,” he said.
In a separate case, seven individuals, including four foreigners, were detained in a raid at an investment scam call centre.
Comm Ramli said three Malaysians, including a woman, along with three Chinese nationals and a Taiwanese, were detained during the raid last Thursday.
“Among those held were an officer manager, human resource manager, script translator and a web designer.
“We also seized 13 mobile phones, four laptops, three desktops, and currencies of different denominations,” he said.
The initial investigation found the syndicate had been running an investment scam via a fake cryptocurrency platform, Comm Ramli said.
“They were targeting victims from India. They even created a fake website, equipped with fake stock market graphs,” he added.
The scripts used by the scammers were originally in Chinese and translated to English and Hindi, he said.
