Suspected mule account holder nabbed over RM460,000 in scam losses

BALIK PULAU: A woman has been arrested in Sungai Petani on suspicion of being a mule account holder for a cryptocurrency scam that has caused losses of RM459,972.

Balik Pulau OCPD Supt Kamarul Rizal Jenal said the woman, 36, was detained on Wednesday (Dec 20) by a team from the Commercial Crime Investigation Department (CCID).

The investigation was for a case in Bayan Lepas, he added.

"The suspect was believed to have acted as a mule for an investment fraud syndicate.

"The victims ... made several transactions in stages to various bank accounts, totaling RM459,972," he said in a statement on Thursday (Dec 21).

In a separate case, a man was arrested on suspicion of being an mule account holder for an online job scam syndicate.

Supt Kamarul Rizal said the man was detained to assist in the investigation of a case involving a loss of RM28,800.

The suspect was arrested in Kangar on Wednesday for suspected involvement in a case in Bayan Lepas.

"The victim was deceived into making several transactions to different accounts to earn commissions," he said.

Both cases are being investigated under Section 402 of the Penal Code for cheating.