POLICE arrested 12 individuals, including five women, in two separate raids on Jalan Ampang, Kuala Lumpur yesterday on suspicion of being involved in a non-existent online investment scheme.

Dang Wangi district police chief Noor Dellhan Yahaya said all the suspects, aged between 23 and 38, were held in simultaneous raids at 8.30pm. Seven men and three women are foreigners and two other women locals.

“Preliminary investigations found that the syndicate used an online investment scam targeting customers living overseas,” he said in a statement today.

Among the items seized included 32 mobile phones, four laptops and a modem from the premises, which is believed to have been operational for about a month with a rent of RM5,000. 

All suspects are remanded for three days until Wednesday to assist in investigations under sections 420 and 511 of the penal code.

Noor Dellhan urged those with information on online investment fraud to contact the Dang Wangi district headquarters at 03-2600 2222 or the nearest police station. – Bernama, January 10, 2022.