Musang King investment scam: 5 held

Kota Kinabalu: Five local men, including one in Gombak, Selangor have been detained for suspected involvement in a Musang King Durian investment scheme that caused some 155 people to be cheated of more than RM3 million.Sabah Police Commissioner Datuk Omar Mammah (pic) said the suspects, aged 25 to 36, were detained in an operation carried out from Nov 30 until Dec 6.

He said one of the suspects had a previous criminal record involving drugs and is wanted in the peninsula.

Omar said the first police report was lodged on Nov 28 after the complainant claimed being cheated of RM8,400.

"The complainant said he banked in the money to an account with a local nominee and had not receive the returns ever since," he told a press conference after the Sabah Police Contingent Monthly Assembly at IPK Sabah, Friday.

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He said the syndicate would promote the investment plans to the public through social media such as Facebook, Whatsapp or Telegram to lure victims by suggesting that they would have a lucrative return upon participation through four different packages.

He said the first package was to invest RM350 in return for RM12.25 per day for 66 days and get total of RM508.50.

The second package is to pay RM1,250 and get RM50 daily returns over 66 days with a total of RM3,450 while the third package of RM3,000 investment will get a return of RM135 for 66 days with a total profit of RM9,720.

"The fourth is a RM6,000 investment which promises the victim RM300 return for 66 days with a total return of RM22,500," he added.

Meanwhile, police also detained two local women, aged 33 to 37, believed involved in a cheap air flight ticket scam which involved loss of money worth RM162,285.

Omar said the suspects allegedly have been active in promoting their so-called cheap fair tickets since August through social media and were arrested in an operation carried out on Nov 25 and 26.

He said some 71 police reports have been lodged so far, with the latest from a victim on Nov. 23, who claims she had paid RM6,000 for the return tickets.

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"This syndicate hired several freelance agents and offered them commission if they are able to get customers," he said, adding that the agents will be paid commission of RM50 to RM150 if they are successful. Both cases will be investigated under Section 420 of the Penal Code for cheating which carries a jail term of up to 10 years, caning or both if convicted. - Jeremy S Zabala

Photo Source: Bernama

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