Fake investment syndicate mastermind on the run following raids

Published on 16 Jul 2020 8:34:51 PM

Federal police are on the hunt for the mastermind behind a fake investment syndicate after shutting down its operations in a series of raids this week.

Acting Commercial Crimes Investigation Department director Comm Datuk Saiful Azly Kamaruddin said that on Thursday, adding that 22 reports had been lodged against the syndicate, which had been active since March.

Comm Saiful said investigations also showed that the syndicate members told the victims that their money would be invested in the oil and gas sector.

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