KUALA LUMPUR, Oct 11 — The police arrested nine individuals involved in fraudulent online cryptocurrency investments after raiding two condominium units in Salak Selatan last night.
Cheras district police chief ACP Zam Halim Jamaluddin said the suspects detained in the 2.30am raids included seven Chinese male nationals, a Taiwanese woman, and a local woman, all of who are aged between 23 and 40.
Preliminary investigations revealed that a condominium unit was used to carry out the online cryptocurrency investment activity scam, which targeted Taiwan and Hong Kong victims.
"Each syndicate member received a monthly commission of between RM4,000 and RM8,000. The syndicate has been operating since 2019," he said in a statement today.
The police also confiscated seven laptops, 11 handphones of various brands, as well as two modems and routers each.
Zam Halim added that all the individuals have been remanded for four days until Saturday (October 14) for further investigations, and the case is being investigated under Section 120(B)/420/511 of the Penal Code.
"I call on the public to channel information related to suspicious activities involving syndicates like this to the Cheras Police Hotline at 03-92845050/5051, Kuala Lumpur Police Hotline (03-21159999) or the nearest police station," he said.
— Bernama
