Police have arrested 10 people in connection with an investment scam that misused the name of a reputable firm to dupe 44 victims out of RM21.9mil.
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NewsTranscript
00:00I would like to share with you a little bit of information regarding the syndicate of
00:08embezzlement.
00:09On July 30 and 31, 2024, several embezzlements were carried out in Selangor, Kuala Lumpur,
00:18Johor, Perak, Kedah, Sabah and Sarawak.
00:22As a result of the embezzlement, 10 individuals, consisting of 5 men and 5 women, local residents
00:29aged 21 to 52 years old, were detained.
00:35All those detained are believed to be the owners of the company, as well as the business
00:41and directors of the company who used the syndicate's embezzlement activities.
00:46The syndicate is suspected to have started operations around the beginning of 2024 and
00:51is fully operational.
00:55The syndicate uses the name of the world's leading investment company, namely Warbuck
01:00Pincus, to assure the victims that the investment is genuine.
01:07Investment promotion ads are made by applying Facebook's algorithm system to guarantee
01:15the optimal return.
01:16A return of 11% to 15% per month is offered to investors to attract their attention.
01:24The syndicate is also offered the service of Che Gue Trading to guide investors to
01:32maximize their income.
01:34To participate in the investment, the victim is asked to download a fake application
01:40sent via WhatsApp.
01:43The victim is then asked to deposit the money to a bank account in the name of the company
01:49and the business before starting the investment.
01:53In the end, the victim cannot make a profit.
01:58So far, 44 health cards have been opened against this embezzlement syndicate,
02:03involving a loss of Rp21,933,640.40.
02:14A total of 20 bank accounts owned by various businesses and companies have been identified
02:20as being misused as bank accounts to receive money from the victims involved.
02:27A case is being investigated under Section 420 of the Penal Code.
02:31So far, the investigation has succeeded in making a claim under Section 50,
02:37Bracket 1, Amblat Pua 2001, against 35 bank accounts with a total value of Rp162,598.53.
02:52If you want to make an investment, do it safely through the investment schemes
02:57adopted by the investment powerhouses in this country,
03:02such as Surajaya Security Malaysia and Bank Negara Malaysia.