KUALA LUMPUR: Police have detected the existence of a fraudulent investment scheme on Facebook that promises profits within three to six hours, and falsely associating itself with Malaysian Industrial Development Finance Bhd (MIDF).
Bukit Aman’s Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said a police investigation found that the fraudulent investment attempted to impersonate MIDF by offering eight investment packages from as low as RM300 and up to RM5,000. Investors were promised returns between RM13,999 and RM99,999.
