Seven arrested for involvement in fake investment platform, says CCID director

Published on 11 Dec 2023 11:34:56 PM

The Bukit Aman Commercial Crime Investigation Department (CCID) arrested seven individuals in Kuala Lumpur for their involvement in a criminal syndicate operating under a fake investment platform.

CCID director Datuk Seri Ramli Mohamed Yoosuf said at a press conference on Monday (Dec 11) that the group targeted victims, especially the Indian population, by creating fake cryptocurrency markets, adding that the scam included fraudulent websites and fake stock market graphics to entice unsuspecting investors.