Cops arrest 65 people in a Forex investment scam raid in Kuala Lumpur

KUALA LUMPUR: A raid on Jalan Hang Tuah resulted in the arrest of 65 people in connection with a Forex investment scam.

Comm Datuk Seri Ramli Mohamed Yoosuf, director of the Bukit Aman Commercial Crime Investigation Department (CCID), said the arrests on July 2 included 25 local men and 26 local women, three Vietnamese, a Bangladeshi woman, a man from Hong Kong, three men and four women from China, a man from India, and a Thai woman, all aged 20 to 50.

“The syndicate was conducting a Forex scam, offering two types of accounts – standard and premium.”Interested parties can use a website to register, open accounts, and manage their investment transactions.

“We are also checking with the relevant agency on the legitimacy of the company handling the investment platform,” he stated at a press conference on Friday (July 12).

He stated five iMacs, 25 laptops, three CPUs, four displays, and two DBKL licences were among the things taken.

“We are investigating further under Section 420 of the Penal Code,” he stated.