KUALA LUMPUR: Four more men have been detained in connection with the Yomaex investment scam, says Comm Datuk Seri Ramli Mohamed Yoosuf.
The Bukit Aman Commercial Crime Investigation Department (CCID) director said three suspects were company directors while the fourth was a mule account recruiter.
"This brings the total arrested to 45. We are still investigating and we are in the midst of identifying other syndicate members," he told a press conference at CCID headquarters here on Monday (Nov 20).
Nine investigation papers (IPs) have been opened involving about RM5.1mil in losses in connection with the latest arrests, he said.
"In total, 85 IPs have been opened involving RM55.79mil in losses," he added.
On Nov 3, Comm Ramli said the cryptocurrency-based investment scheme promised high returns in a short time.
Every investor who joined the scheme was given access to a system to monitor their investments.
The police have so far detected 63 bank accounts registered for the syndicate's operation involving 32 companies and 19 businesses.
In a separate case, Comm Ramli said 41 police reports have been lodged in connection with the CCF Trade and EXGCOO 2023 investment scam involving RM8.05mil in losses.
"The syndicate used social media to find investors who would be victims. The investment offered was based on the sale and purchase of shares in Malaysia as well as the United States and Hong Kong.
"Those interested had to download an application to invest and monitor their investment. However, they could never withdraw their investment," he said.
Comm Ramli said the victims were aged between 29 and 79.
"The majority of them are retirees and businessmen.
"We urge victims to come forward and lodge police reports as soon as possible," he said.
