KUALA LUMPUR: A Datuk was among 10 arrested by the police for links to a forex investment scam involving nearly RM3mil in losses. Federal Commercial Crimes Investigation Department director Comm Datuk Mohd Kamarudin Md Din said the syndicate was crippled following a string of operations in Perak, Selangor, Kuala Lumpur, Melaka and Johor on Saturday. “Several vehicles, documents and items which were linked to the investment scam were also seized,” he told reporters yesterday. “The syndicate targetted local investors and promoted investment schemes based on forex which promised between 12% and 14% returns on investments weekly. Comm Mohd Kamarudin urged the public to always check with the relevant authorities as well as Bank Negara before making any investment.

Source: The Star January 06, 2022 05:08 UTC