IL­LE­GAL FOREX

Syn­di­cate be­lieved to have em­bez­zled RM80 mil­lion from 23,000 vic­tims

New Straits Times - - News -

HANI SHAMIRA SHAHRUDIN KUALA LUMPUR shamira@nst.com.my

AN il­le­gal for­eign ex­change (forex) trad­ing syn­di­cate, which em­bez­zled RM80 mil­lion from more than 23,000 vic­tims, has been crip­pled with the ar­rest of six peo­ple.

The six, in­clud­ing a woman, were nabbed in sev­eral raids in the Klang Val­ley and Pa­hang on Tues­day.

Com­mer­cial Crime In­ves­ti­ga­tion De­part­ment (CCID) di­rec­tor Datuk Acryl Sani Ab­dul­lah Sani said the de­part­ment had re­ceived 408 re­ports on the forex in­vest­ment scheme, man­aged by a com­pany named “VenusFX”.

“Based on our in­ves­ti­ga­tions, the com­pany, which duped vic­tims into in­vest­ing in forex trad­ing, does not ex­ist,” he said,

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