Selangor Journal
Penang Police found the body of an unidentified man on July 7 with his stomach slit open and his neck tied with a stone block in the estuary near the Bagan Bukit Tambun jetty. – File picture

Mastermind among four nabbed over gold investment scam

KUALA LUMPUR, Dec 19 — Police detained four individuals, including the mastermind, for allegedly being involved in an investment scam syndicate known as ‘Goldmine International’ on Thursday.

The suspects, three women and a local man, aged between 30 and 60, were picked up in Kedah, Selangor and Kuala Lumpur.

Bukit Aman Commercial Crime Investigation Department director Datuk Zainuddin Yaacob said the syndicate ran a non-existent gold investment scheme.

He said the investment offered various packages, with the first package of US$100 (RM420) offering a return of 10 per cent (profit of RM42/week unlimited) while the second package of US$500 (RM2,100) offers a return of 10 per cent (profit of RM210/week unlimited).

“The investors will be given a portal link to generate this investment but the link has been closed,” he said at a press conference here yesterday.

The syndicate also offered the agents high commissions of between two and 10 per cent per customer. 

“All the investment money will be credited into five accounts, involving the company and personal. Following the arrest, police also seized three mobile phones, RM13,600 cash, several automated teller machine (ATM) cards and one file containing various documents related to the syndicate’s investment scheme,” he added. 

Zainuddin said checks found that the mastermind had previously been charged in the Alor Gajah Court in Melaka for being involved in a crude palm oil (CPO) investment scam.

 He said police had also taken action against the four suspects under the Anti-Money Laundering, Anti-Terrrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001.

“Police are looking for another suspect known as Norafindi Daim, 48, whose last-known address is Jalan Naib Long, Tangkak, Johor. Those with information can contact case investigating officer Insp Muhammad Hateem Ayub Khan at  018-914479,”  he said.


— Bernama

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