IPOH: Police have busted an international investment scam syndicate with the arrest of 13 foreigners in three separate raids around Sitiawan and Lumut.
Manjung OCPD Asst Comm Hasbullah Abd Rahman said the suspects, 10 men and three women from China aged from 23 to 46, were detained during a special operation on May 8.
The operation was conducted by the Manjung police headquarters, Commercial Crime Investigation Department (CCID) and the Narcotics Criminal Investigation Department (NCID).
Initial investigations revealed that the syndicate operated a call centre on the premises, targeting victims in the United States and Europe by offering fake investment opportunities through the website www.multisilo.org.
"The syndicate use the Telegram and WhatsApp platforms to solicit and deceive potential victims. During the raids, police seized 44 mobile phones, 11 laptops, two vehicles, two WiFi modems and a building access card," he said in a statement on Monday (May 11).
Hasbullah added that all suspects have been remanded for six days from May 9 to 14 to assist in investigations under Section 420 of the Penal Code for cheating and Section 120B of the same Code for criminal conspiracy.
He advised the public to be cautious about investment offers on social media and to check with Bank Negara or the Securities Commission Malaysia before joining any investment schemes. – Bernama
