Investment scam ring busted, 10 nabbed in Puchong raid

SERDANG: An investment scam syndicate has been busted in a raid on a call centre in Bandar Puteri Puchong.

A total of 10 suspects, seven men and three women, were arrested during the operation.

Serdang OCPD Asst Comm Muhamad Farid Ahmad said the raid was conducted at about 2.30pm on Friday (June 20).

“We detained the suspects, aged between 30 and 40, including the ringleader.

“So far, four victims have come forward with almost RM400,000 in losses,” he told a press conference at Serdang district police headquarters on Monday (June 23).

Various items worth RM45,000 were seized, including six laptops, 14 mobile phones, a modem and three monitors, he added.

“The syndicate used online platforms to mimic foreign exchange schemes to dupe victims.

“We believe they have been operating for about six months,” he said.

ACP Farid said the syndicate targeted mostly locals.

“However, there are victims from Indonesia and India.

“The syndicate would promise high returns within a short time to entice its targets,” he said.

He advised anyone planning to invest in a scheme to verify its authenticity with the Securities Commission first.

“It is unfortunate that some people were duped by the promise of huge returns within a short time (and) failed to check the legitimacy of the scheme,” he said.

The suspects were remanded for one day Saturday (June 21) but were rearrested by Ampang Jaya police for a similar scheme in that district, he added.