Police: Billions involving fake investment schemes recorded

About RM4.4 billion in losses were recorded involving 24 fraud investment schemes in the country since July 2013 until September this year. 

Bukit Aman Commercial Crime Investigation Department director Acryl Sani Abdullah Sani said during that period the police received over 2,500 reports and 1.7 million victims were involved in the fraud investment schemes. 

“We have reminded the public not to be easily duped with such schemes because there is no investment that can provide a high return in the short term,” he said in a press conference, here today.  

On another matter, Acryl Sani said the police detained two men and a woman, aged between 30 and 36, suspected to be involved in the ‘Krubal’ fraud investment in two separate locations, in the federal capital and Penang yesterday. 

He said the police received 105 reports on the case and it was estimated between 1,500 to 2,000 investors had fallen victims involving losses of RM788,901. 

- Bernama