KUALA LUMPUR: Four men and two women believed to be mule account holders were detained in connection with the “Kakaue” crypto investment scam.
-Advertisement-
The suspects, aged between 19 and 41, were detained following raids in six states between Oct 7 and 11.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said those detained were identified as owners of mule accounts, whose accounts were used to receive investments from victims, who joined the scheme.
“They were detained following raids in Sarawak, Sabah, Penang, Kedah, Melaka and Johor.
“Investigation showed that the scammers advertised their supposed scheme on Facebook by using the Kakaue company name.
“Those interested will be added into a WhatsApp group and given an explanation on the investment scheme and required to download the Kakaue investment application and register as a member,” he said when contacted on Friday (Aug 18).
-Advertisement-
After registering, victims have to contact a customer service centre to get instruction on how to make payments for the investment scheme, which involves transferring funds to several company accounts, he said.
“Through the downloaded application, victims could see whether there were profits to their investment.
“However, when trying to withdraw their money, the company will give various excuses and in the end the victims will never see their funds again,” he said.
Comm Ramli said 50 police reports have been lodged nationwide, involving RM18.33mil in losses.
“We are investigating under Section 420 of the Penal Code,” he said.
-TheStar