PENANG police have arrested four men on suspicion of serving as mule account holders for several scam gangs that had cheated their victims out of hundreds of thousands of ringgit.

The Barat Daya police headquarters said the four suspects, aged between 29 and 43, were arrested separately in Bayan Lepas, George Town and Simpang Ampat yesterday.

“Investigations show that the four men were involved with several scam gangs, which deceived their victims by posing as insurance agents and police officers, and promoting non-existent online loans.

“The suspects are believed to have been involved in cases reported in 2017, 2020 and 2023. The losses suffered by the victims were between RM2,725 and RM239,000,” police said in a statement today.

The suspects have been remanded on suspicion of cheating, while police continue their investigation. – Bernama, April 11, 2023.