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

Kelantan to update conditions for cinemas in the state
Tenggara Bersatu division chief, committee members exit party
Tragic end for woman during Deepavali picnic at Sungai Sedim
Ukraine sees Malaysia as Asean gateway for UAV partnerships
Eight missing after fishing trip found safe in Sarawak, says cop
Customs Department denies that DG Anis Rizana misused allocation for vacation
Malaysian Media Council needs to be established immediately
Eighteen-year-old dies after electrocution on express bus in Butterworth
Lowest starting salary on SPA website to be updated in December
Stricter laws to tackle cyberbullying be tabled at the coming Parliament sitting

Others Also Read