TWO individuals were arrested on August 8 over suspicion of being the masterminds of an e-commerce fraud on Instagram which caused losses of RM153,759.

Without disclosing where the suspects were arrested, Bukit Aman commercial crime investigation department director Mohd Kamarudin Md Din said police detected the syndicate through the Instagram account ‘Beauty_Saranghae’ and were currently investigating 64 cases linked to the alleged fraud.

He said that based on investigations, the syndicate would advertise various electronic items at below-market prices.

“Interested buyers were instructed to make payments to the bank accounts given. However, after payment was made, the buyer would not receive the promised goods,” he said in a statement today.

Kamarudin said two local suspects, aged 32 and 53, were being remanded to facilitate investigations under Section 420 of the Penal Code for fraud. – Bernama, August 31, 2021.