
According to The Star, the police arrested 10 individuals, including a man carrying the title ‘Datuk Seri’, for their suspected involvement in fraudulent forex investment schemes in five states recently.
Bukit Aman Commercial Crime Investigation Department director Datuk Mohd Kamarudin Md Din said at a press conference yesterday (5 Jan), that the group comprised of nine men and a woman aged 29 to 64, detained in Perak, Selangor, Kuala Lumpur, Melaka and Johor.
Also seized were various items including nine luxury vehicles, 64 watches and five gold ingots weighing five kilogrammes, estimated to be worth almost RM127 million.
“The syndicate is known as GCG Asia Forex Investments and has been active since 2018, and the suspects concerned were acting as brokers, investor searching agents, financial managers and account holders.
“The syndicate targets locals as victims and they promote forex-based…