KUALA LUMPUR: Three company directors have been detained in connection with an investment scam resulting in RM3.9mil in losses.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said a total of 57 police reports have been lodged nationwide on the case since March 15, 2021.
“Investigations showed that the company started its operations in 2017 and was involved real-estate development, asset development and liability management,” he told a press conference on Monday (Dec 11).
The promotion for the company’s investment scheme was conducted through Facebook and appointed company agents, he said.
“It offered several types of investments, and funds from investors were invested in real estate with promises of returns of RM540 every 45 days for the first package and every 60 days for the second package,” he said.
Most of the investors only received dividend payments for the first two months, Comm Ramli said.
“Three individuals aged between 49 and 57 years old were detained last week.
“They have been remanded until Tuesday (Dec 12) to assist in investigations under Section 420 of the Penal Code for cheating,” he said.
