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JOHOR BARU: The police arrested three suspects, including a newly minted Datuk in Kluang that was allegedly part of a syndicate offering bogus investment plans.
Johor Police Chief Comm Datuk Ayob Khan Mydin Pitchay said the trio, consisting of two men and a woman, were arrested at a two-story house in Taman Sri Kluang herre around 9 p.m. on November 24.
He said one of the suspects was a 40-year-old man who had just received his datukship this month.
“We believe the suspects, aged 27 to 40, have been offering non-existent cryptocurrency and forex schemes to unsuspecting victims for the past two to three years.
“They attracted their victims locally and from other countries, including Singapore, Brunei and China, offering attractive benefits in a short period of time.
“We also seized piles of cash worth 2.1 million ringgit, foreign currency 1.4 million ringgit, two luxury cars, 12 luxury watches, 22 gold bars, credit cards and other valuables. “he said at a press conference on Thursday (November 26). ).
The items seized amounted to RM4.6 thousand in total.
He added that the suspects have been detained until November 27 for investigations under Section 420 of the Penal Code, which carries a jail term of no less than one year and no more than 10 years, with a rod and a fine, upon being found guilty. .
Comm Ayob urged those who have invested in similar schemes to come forward to help in police investigations.
Police are in the midst of identifying more union members still at large, as well as possible victims, he said.
He also advised the public to be more careful and not believe investment plans that seem too good to be true.
Those with information about the case can contact the police through the Johor Police Hotline at 07-221 2999.
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