KUALA LUMPUR: A total of 116 police reports have been lodged against a saving scheme scam that has resulted in RM4.4mil in losses.
Police secretary Deputy Comm Datuk Noorsiah Mohd Saaduddin said Bukit Aman Commercial Crime Investigation Department (CCID) is actively investigating the saving scheme (Sapiza Saving Extra), which has allegedly been duping victims nationwide.
"The CCID have received 116 police reports with losses reaching about RM4.4mil.
"Initial investigations revealed that the scheme has been active since 2015, offering savings based on the ‘kutu’ system," she said in a statement on Sunday (Feb 12).
However, DCP Noorsiah said the scheme started other saving plans of between RM250 and RM20,000 encompassing between two and five months in 2021.
"The new plans even promised profits from 15% to 40% of the savings invested.
"Since October last year, the scheme handler failed to settle profit payments," she said.
Eight individuals, aged between 31 and 37, including the syndicate's mastermind have been detained in various raids in Kuala Lumpur, Terengganu, Perak and Negri Sembilan on Jan 27, she said.
"Various assets were seized including a luxury vehicle, ATM cards, mobile phones and documents," she added.
DCP Noorsiah reminded the public to be wary and do extensive checks before taking part in any saving scheme that promises huge returns.
"Get further information from official sources such as Semak Mule, Alert List Bank Negara Malaysia and Security Commission before making the decision to join any saving scheme," she said.
