Investment scam operation busted

  • 📰 staronline
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

GEORGE TOWN: A total of 79 people from China were caught red-handed operating a share market investment scam in two posh bungalows.

Police stormed into the bungalows in Logan Road and found them all hard at work on their desktops and notebooks in the living rooms.

“There were 71 men and eight women from China, and six Malaysian men and one woman. They are aged between 20 and 42.” “During our interrogation, some of them said they were carrying out a stock investment scam targeting victims in China by using computers and mobile phones as a communication mode with the centre of operations being in Malaysia, ” he said.

ACP Che Zaimani said the Chinese nationals had been remanded for 14 days while the Malaysians had been remanded for two days to assist in investigations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: Ex-1MDB CEO to be cross-examined for 3rd day | The Malaysian InsightShahrol Azral Ibrahim Halmi is expected to detail his work at the state investment fund.
Source: msianinsight - 🏆 8. / 63 Read more »