KUALA LUMPUR: Bukit Aman has confirmed that one of the two Malaysians caught by Thai police is the head of the Nicshare investment scam.
Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said that the 42-year-old Malaysian arrested was the scam's mastermind.
"It can be said that the suspect in question is the mastermind who had been operating here and in Thailand. There have been 52 investigation papers opened here," he said at a press conference at the department's headquarters on Thursday (March 14).
"According to preliminary information that has been forwarded to me, it is believed that three more Malaysians were arrested at a call centre following the prior arrests. I have not received any confirmation of this just yet," he added.
According to Bernama, the 42-year-old suspect was arrested in Sadao, Songkhla in Thailand on March 6.
Thai police then cracked down on the syndicate, arresting nine people in total. It is believed that losses from this scam have been estimated to be around RM105.26mil.
Comm Ramli said that one of the suspects caught had three previous cases in his criminal record, including one under the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act (Atipsom) 2007.
"The CCID has also conducted our investigation into the Nicshare investment scheme. From September 2023 to March 12, 2024, we have received 70 police reports with losses of RM14,3777,066.14.
"The police are working together with our Thai counterparts in this investigation," he said.
