Two women among five suspects arrested over investment scam in Perak


KUALA LUMPUR: Two women are among five individuals arrested by the police in raids conducted in Perak last Oct 17 and 18 on suspicion of being involved in an investment scam syndicate.

The suspects, aged from 28 to 38, have been remanded for three days to assist the investigation under Section 420 of the Penal Code for cheating.

Bukit Aman commercial crime investigation department director Datuk Seri Ramli Mohamed Yoosuf said the syndicate was believed to have started its operation in the middle of this year under the name of AGNC Capital Services.

He said various social media platforms were used to advertise the investment scheme which offered investments as low as RM100, with investors being promised lucrative profits within a short time.

"So far, four police reports have been lodged involving a total loss of RM78,900," he said in a statement on Friday (Oct 20).

He urged individuals who had fallen victim to the syndicate to lodge a police report.

Ramli said during the raids, police also seized 17 mobile phones, a laptop, two sets of modems, eight notebooks and a set of bank statements, believed to be used for investment fraud.

He advised the public to be vigilant and to check with the relevant authorities before participating in any investment scheme that promises lucrative profits. – Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Cheating , Scam , Investment , Penal Code , Perak

   

Next In Nation

MPV in crash where eight died was being pursued by cops
Melaka carrying out measures to protect residents from crocodile threat
Malaysia re-elected to Uncitral for 2025-2031 term
Malaysia, Vietnam elevate bilateral relations to comprehensive strategic partnership
Vehicles in viral video given summonses for parking too close to bus stop, Ipoh cops say
Eight people in MPV die in collision with 4WD in Sibu
Company director loses RM34,000 in scam to supply non-existent Agriculture Department order
Girl among three killed, baby hurt after family of four on motorcycle crash into lorry
Water levels at three major Kelantan rivers surpass alert levels
Scheduled water cuts to seven Penang Island areas Nov 28-29

Others Also Read