NEWS

79 Chinese nationals nabbed over investment scam

Bernama

Published
Modified 10 Oct 2019, 2:31 am

Police detained 79 Chinese nationals and seven locals believed to be working for a fake investment syndicate in China at two bungalows along Jalan Logan in George Town, Penang, on Tuesday.

Northeast District police chief ACP Che Zaimani Che Awang said the houses were raided around 7pm, based on surveillance and intelligence.

"During the raids, there were 77 men and nine women at the three-storey bungalows situated side by side, and they were all on their computers in the living room of the buildings,” Che Zaimani said yesterday.

According to him, the Chinese nationals did not have any valid travel document and were paid RMB4,000 (about RM2,355) a month, excluding commission, while the locals were paid RM1,600 with a commission that could reach RM10,000 a month.

Following the raid, Che Zaimani said police seized various paraphernalia used by the syndicate, including 460 mobile phones, 55 laptops, 25 computers, 29 broadband units and 24 record books.

He said the suspects, aged between 20 and 42, have been remanded for investigation under Section 420 of the Penal Code.

- Bernama

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.