Nine Chinese Nationals Detained Over Suspected Share Trading Scam

KUALA LUMPUR: Police have detained nine Chinese men suspected of being involved in online share trading fraud activities at a luxury condominium in Mont Kiara here, midday yesterday.

Kuala Lumpur Police Chief Datuk Fadil Marsus said the suspects, aged between 24 and 42, were arrested in a raid between 12 noon and 2 pm conducted by the Anti-Gambling, Vice and Gangsterism Division of the Kuala Lumpur Police Contingent Headquarters (IPK) Criminal Investigation Department.

He said authorities also seized 23 mobile phones of various brands, nine laptops and several electronic equipment, as well as cash amounting to RM2,500.

“Initial investigations found that the premises had been operating for the past two months, targeting Chinese nationals as victims.

“The syndicate’s modus operandi was to act as a support team providing advisory services to clients regarding account registration through a website that was purportedly the official platform of an international investment company,” he said when contacted.

Fadil said during the raid, there was one supervisor and eight workers, each offered a monthly salary of RM3,000.

All suspects and seized items have been taken to the Kuala Lumpur Police Contingent Headquarters for further action, and the case is being investigated under Section 420 of the Penal Code.

Harian Metro