4 fraud syndicates busted, 109 arrested

Kuala Lumpur, 16 February 2024 – The Royal Malaysian Police (PDRM) through the Commercial Crime Investigation Department (JSJK) successfully busted 4 fraud syndicates within two weeks from 30 January to 13 February 2024.

JSJK carried out raids in 2 premises around Kuala Lumpur. As a result of the raid, 8 individuals consisting of 4 Taiwanese men, 3 local men and 1 woman were arrested on suspicion of trying to establish a “fraudulent call center” hub in Malaysia. All those detained are between 31 to 44 years old.

All 4 Taiwanese men are “wanted” by the authorities in Taiwan for being involved in fraud and organized crime there. All of them have been handed over to the Malaysian Immigration Department for further processing. PDRM is confident that an attempt to establish a fraudulent call center in Malaysia has been successfully stopped by the arrest of this syndicate.

Another raid was carried out at an office premises in Jalan Bukit Bintang, Kuala Lumpur. As a result of the raid, a total of 49 individuals, 31 men and 18 women between the ages of 20 to 41, were arrested. All of these individuals are suspected of being involved in fraudulent forex investment activities targeting citizens of France, Ukraine, the United Kingdom and Switzerland. The case is being investigated under Section 420/511 of the Penal Code.

In an effort to crack down on the activities of cryptocurrency based investment fraud syndicates, on 7 to 9 February 2024, JSJK has carried out operations in Kedah, Penang, Perak, Selangor, Pahang, Negeri Sembilan, Melaka, Johor and Sarawak. As a result, a total of 43 local individuals consisting of 35 men and 8 women were successfully arrested. All of them aged between 21 to 78 are suspected of being company directors, business owners, company secretaries and account owners used to defraud the victims. The case is being investigated under Section 420 of the Penal Code.

The fourth syndicate that was successfully busted was a phone scam fraud syndicate suspected to be linked to at least 61 cases involving a total loss value of RM28,926,540.00. Through an operation carried out on 13 February 2024 around Selangor and Kuala Lumpur, 9 local individuals consisting of 6 men and 3 women were successfully arrested. All those aged between 28 to 42 years old were identified as the owner of the account and the owner of the company used in this phone scam. The case is being investigated under Section 420 of the Penal Code.

Through the same press conference, the Director of the Commercial Crime Investigation Department also delivered a message tha the public is reminded to always be careful and always be vigilant so as not to become a victim of fraud syndicates.

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