Connect with us


Datuk Arrested After Disguising Himself as ‘Datuk Seri’ To Run Forex Investment Fraud Syndicate


My Post 2022 01 05T173258.696
Source: BERNAMA | Facebook

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

More and more everyday, Malaysians are losing faith in what once were deemed noble and honourable titles and ranks, Datuk and Datuk Seri. These days, such titles are often associated with crime and corruption.

Berita Harian shared that man with the title ‘Datuk’ was among 10 Malaysians arrested for their involvement in a forex investment scam syndicate that has been active since 2018. Though, for the syndicate operations, the Datuk had disguised himself as a ‘Datuk Seri’.

The police had received 23 reports, believed to be linked to the forex investment fraud syndicate, involving losses of RM2.94 million.

Forex 3

Among the items that were confiscated were luxury cars worth a total of RM4.6 million, including 2 Toyota Vellfires, a Mercedes Benz C200, a Lamborghini, a Porsche Taycan 4S, a BMW X3, a Toyota Aplhard, a Volkswagen Jetta and a Bentley.

Forex 4

The authorities also confiscated 64 watches worth RM98.9 million, 4 5kg gold bars worth RM1.45 million, an Ex-Police Association card, cryptocurrencies amounting to RM21.4 million and cash worth RM100,800.

Forex 2

There were also a bunch of what looks like luxury bags, laptops, tablets and phones.

Forex 6

Forex 5

The total value of the seizure is RM126.9 million. The investigation found that the mastermind is a ‘Datuk’, but used the title of ‘Datuk Seri’ to carry out the syndicate’s operations. We are also seeking confirmation on whether the suspect has served as a policeman, following the seizure of the association card.”

“Further investigation also found that those detained were in the roles of brokers, investor search agents, financial managers and account holders.” said Director of the Bukit Aman Commercial Crime Investigation Department (JSJK), Datuk Mohd Kamarudin Md Din.


How did they function?

The syndicate had targeted locals by promoting investments with a weekly rate of return of between 12% to 14% of the total capital invested.

Forex 1

Investors would be given an investment web link with a password and can see the amount of profit received after registering with the website. But, the profits cannot be transferred or redeemed and the syndicate would then cut contact with the investors.


It’s truly saddening to see how Datuks can live such luxurious lifestyles while committing crimes and scamming money out of innocent Malaysians.

This case is currently being investigated under Section 420 of the Penal Code, the Anti -Money Laundering and Anti -Terrorism Financing Act 2001 and the Prevention of Crime Act (POCA) 1959.

May justice be served for the innocent Malaysians who lost money to this scam.


Also read: M’sians Find SPRM’s Unrealistic PSA Video on Fake MCs a Little Too Weird To Take Seriously

My Post 2022 01 05T125616.030


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Ft India Ft India
News21 hours ago

Space Debris Mysteriously Found in 3 Areas in India, Suspected to be From Chinese Rocket

Although it is rare to get hit by space debris, it appears that it is becoming a regular occurrence in...

My Post 2022 05 19T131546.749 My Post 2022 05 19T131546.749
News22 hours ago

PDRM On Lookout For BMW Driver For Braking Abruptly Several Times To Purposely Bother Other Drivers

The police are currently in the process of tracking down the driver of a white BMW, after the driver was...

Ft Swallow Ft Swallow
News1 day ago

UK Single Mother Forced to Undergo Surgery After Accidentally Swallowing a Covid-19 Swab Test

We often hear of people swallowing things which they are probably not meant to, such as coins, nails and even...

Ft Database Ft Database
News2 days ago

Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians

Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...

Plastic Bag Charge All States Plastic Bag Charge All States
News2 days ago

Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic

We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...

Ft Lie 1 Ft Lie 1
News2 days ago

“He is a compulsive liar” – Mahathir Threatens to Sue Zahid Hamidi For Questioning His Malay Ancestry

When it comes to accusations, it is always best to make sure that you’ve done your fair bit of research...

Collage 33 Collage 33
News3 days ago

M’sian Billionaire Loses RM21 Million to Macau Scam, Largest Fraudulent Case Targeted at a Person

Scams are as old as time and you would think that we have grown familiar enough with them to avoid...

Collage 10 2 Collage 10 2
News3 days ago

Policeman Uses Mobile Phone While Driving on Federal Highway, PDRM Calls Him in & Issues a Summon

It’s not only illegal to be on the phone with your hands on the wheel but it also endangers other...


Latest Videos