: Police seized luxury watches, plush cars, gold bars and other items worth over RM126 million after crippling a scam forex investment scheme operating since 2018.The suspects including a woman who are aged between 29 and 64 were nabbed on Friday in multiple raids that were conducted by the police commercial crimes investigation department in Kuala Lumpur, Selangor, Perak, Malacca and Johor.
Federal CCID director Commissioner Datuk Kamarudin Mat Din said the syndicate had promoted the purported money-maker in the social media promising investors high returns for their investments. “The investors saw their investments grow but they were unable to withdraw their profits. The syndicate members would come up with all kinds of excuses before they abruptly shut down the website and disappeared with the funds. They will be no longer reachable,“ he said.
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