ARAU, Dec 8 — Four individuals, including a woman, were arrested in separate raids around here today and yesterday, on suspicion of being involved in real estate investment fraud.
Arau district police chief, Supt Ahmad Mohsin Md Rodi, said that three of them are company directors, aged between 40 and 50, who were arrested yesterday, while a male investment agent in his 30s was arrested at 9 am today at the company’s headquarters, believed to be involved in the investment fraud since 2019.
He said that the raid was following a report received involving the victim, a 20-year-old factory worker, believed to have been cheated after participating in an investment offered by the real estate investment company.
“In today’s raid, the police seized 1,255 files, believed to belong to customers involving an estimated loss of RM39,000, and three computers, to facilitate the investigation,” he said, at a press conference after the raid at the company’s headquarters today.
According to Ahmad Mohsin, apart from Arau, preliminary investigations found that the company also operates in Kedah, Johor, Penang, Melaka, and Perak.
He said that the Perlis police contingent had opened three investigation papers related to the case.
He added that the four individuals were being investigated under Section 420 of the Penal Code for cheating, and they would be handed over to the police in several other states to facilitate investigations of the same case.
— Bernama
