The federal police have detained a man who is believed to be among the major suspects in a crude palm oil investment scheme involving RM31 million in losses.

Bukit Aman Commercial CID chief Acryl Sani Abdullah Sani said the 35-year-old suspect was detained at about 6pm yesterday at a housing estate in the federal capital.

Acryl Sani said the police also seized a luxury car, two high-powered motorcycles, land grants and RM53,035.

"The man's role was to handle the accounts of the investment company and he is a son of the main suspect," he added in a statement.

Police have received 248 reports on the investment scheme.

- Bernama