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More than half a million people duped by illegal investment scams in Malaysia

KUALA LUMPUR: Over the past 19 months, more than 500,000 people became victims of scams involving illegal investments in the country.
Bukit Aman Commercial Crimes Investigation Department (JSJK) deputy, Datuk A Thaiveegan said the victims were conned by syndicates which offered high returns.
“We have often advised the public to be cautious with any kind of investment, to check with Bank Negara and the Companies Commission of Malaysia (SSM) first before putting in any money,” he told a press conference here today.
Thaiveegan said the latest arrests last Tuesday were of three people, including two members of a family, believed to be involved in a scam involving foreign exchange totalling RM39.60 million in Pahang and Kelantan.
He said police had received 114 reports about this scam and had opened 20 investigation papers. -- BERNAMA

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