KUALA LUMPUR: A 39-year-old ‘Datuk Seri’ was arrested in Melaka today for allegedly masterminding the Kongsi Makan investment scheme that involved losses amounting to RM3.75 million. CCID director Datuk Seri Acryl Sani Abdullah Sani said the suspect, a chairman of the company, has been remanded for three days to facilitate investigations. Acryl said 70,000 to 80,000 people had allegedly been cheated by Kongsi Makan Bhd, a company that was established in 2015 and is still operating. “Keep in mind that cooperation between the police and the public is needed to combat such fraudulent activities from spreading. “Always check with the relevant government agencies to verify the validity of an investment scheme that promises high returns in a short time,” he said.

Source: New Strait Times September 19, 2017 09:56 UTC