Registered companies and businesses used as mule accounts, says CCID director

Published on 3 Nov 2023 9:39:00 PM

Police have detected a new trend by a syndicate which used registered companies and businesses to be used as mule accounts.

Bukit Aman commercial crime investigation department (CCID) director Datuk Seri Ramli Mohamed Yoosuf told a special media conference on Friday (Nov 3) that police have traced 73 bank accounts used by the syndicate, involving 51 companies to carry out the scam.

Ramli added that the syndicate would approach individuals facing financial problems or homeless people to use their names for the setting up of companies and then open a company account.

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Keywords
fraud , investment scheme , investigation , police , investment scheme, bukit aman, ccid, ramli mohamed yoosuf, penal code, news, mule accounts, bank account, company account, syndicate

Keywords:
fraud , investment scheme , investigation , police , investment scheme, bukit aman, ccid, ramli mohamed yoosuf, penal code, news, mule accounts, bank account, company account, syndicate