Company director, law firm owner detained over RM38mil investment case, says MACC

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling approximately RM38mil. Sources indicate that the two men, both in their 50s, are suspected of submitting false information, including investment plans, insurance protection schemes and weekly reports,...

Company director loses RM11mil to crypto-investment scam

KUALA LUMPUR: A company director lost RM11,130,123 in a cryptocurrency investment scheme called 'CCERX' advertised on Facebook last September. Bukit Aman Commercial Crime Investigation Department (CCID) deputy director (Investigation) Deputy Comm Datuk Rohaimi Md Isa said the loss was the single largest case of crypto-investment fraud. "The 60-year-old man lodged a police report on Jan 30 at...