KUALA LUMPUR: Police arrested nine locals, including a man who used a fake “Datuk Seri” title on suspicion of being involved in a non-existent investment fraud syndicate Planetrade, in separate raids on Monday.
Bukit Aman Commercial CID director Datuk Mohd Kamarudin Md Din(pix) said all the suspects, including six women aged between 41 and 62, were nabbed around Kuala Lumpur, Selangor and Penang.
He said a total of 21 reports were received, with 12 in Kuala Lumpur, five in Selangor, two in Kelantan and one each in Melaka and Terengganu involving a loss of RM3.32 million.
“The investigation found that a 46-year-old man who used a fake ‘Datuk Seri’ title was the mastermind in the case and he allegedly owned four companies to carry out the non-existent investment activities.
“Other suspects are agents or those actively carrying out the activities of the companies and all of them are remanded for between two to four days starting March 2 to assist in the investigation,“ he said at a press conference at Menara KPJ here today.
He said a total of 27 accounts suspected to be related to the case amounting to RM755,000, as well as the mastermind’s shares in the four companies have been frozen, to assist in the investigation.
Mohd Kamarudin said six luxury cars were also seized, including a Bentley, two Toyota Vellfires, a Mercedes Benz GLC 200 and various company registration documents as well as investment-related documents.
“Investigations found that the…
