Focus

Nine individuals arrested over online crypto investment Scam

11 Oct 2023 08:11pm
Photo for illustrative purposes – FILE PIX
Photo for illustrative purposes – FILE PIX

KUALA LUMPUR - Police arrested nine individuals involved in fraudulent online cryptocurrency investments after raiding two condominium units in Salak Selatan here last night.

Cheras district police chief ACP Zam Halim Jamaluddin said the suspects detained in the 2.30 pm raids comprised seven Chinese male nationals, a Taiwanese woman and a local woman aged between the ages of 23 and 40.

He said preliminary investigations found a condominium unit was used to carry out the online cryptocurrency investment activity scam which targeted victims from Taiwan and Hong Kong.

"Each syndicate member received a commission of between RM4,000 and RM8,000 a month. The syndicate has been operating since 2019," he said in a statement today.

Police also confiscated seven laptops, 11 handphones of various brands, and two

modems and routers each.

Zam Halim also said that all the individuals have been remanded for four days until Saturday for further investigations, and the case is being investigated under Section 120(B)/420/511 of the Penal Code.

"I call on the public to channel information related to suspicious activities involving syndicates like this to the Cheras Police Hotline at 03-92845050/5051, Kuala Lumpur Police Hotline (03-21159999) or the nearest police station," he added. - BERNAMA

Related Articles:

Police
Arrest
Cryptocurrency
Scam
More Like This
Selangor FC player Muhammad Faisal Halim - BERNAMA FILE PIX
Selangor FC player Muhammad Faisal Halim - BERNAMA FILE PIX
National Selangor govt yet to receive feedback on progress of Faisal Halim's case
They are still awaiting information for dissemination after an emergency motion to condemn the extreme and violent action against the sportsman was unanimously approved at the previous session.
Inspector-General of Police Tan Sri Razarudin Husain - Photo by Bernama
Inspector-General of Police Tan Sri Razarudin Husain - Photo by Bernama
National We have no information on Jho Low's whereabouts, says IGP
Lawyer Shafee Abdullah, who represents former Prime Minister Datuk Seri Najib Razak, recently claimed that Jho Low is hiding in Myanmar.
Patriotism is the lifeblood of a nation's freedom, independence, stability, and progress.
Patriotism is the lifeblood of a nation's freedom, independence, stability, and progress.
National KPN achieves outstanding performance with over 300 impactful programmes
By SINAR DAILY REPORTER
22 Nov 2024 12:11pm
The ministry’s strategic efforts have successfully maintained the existing harmony and well-being of the nation.
The suspect wearing a white shirt was brought to court accompanied by several police officers to face charges of injuring a first-year UPNM student recently.
The suspect wearing a white shirt was brought to court accompanied by several police officers to face charges of injuring a first-year UPNM student recently.
National UPNM cadet officer charged with injuring junior, stomping on him with spike boots
He was charged under Section 323 of the Penal Code, which carries a maximum sentence of one-year imprisonment, a fine of up to RM2,000, or both, upon conviction.