Four individuals with the ‘Datuk’ title were arrested by the Royal Malaysia Police (PDRM) on suspicion of being involved in an investment scam through Op Northern Star, last month.
According to a report by Kosmo, Inspector-General of Police, Tan Sri Razarudin Husain, said the arrests were made through a cross-border operation based on information from an Interpol ‘Red Notice’.
This image is for illustration purposes only.
All suspects are believed to be closely linked to a fraudulent scheme known as MBI investment, which is based in a neighbouring country.
“So far, 8 local individuals have been arrested, including 7 men and 1 woman aged between 44 and 62. Among those arrested are 2 individuals and 2 lawyers with the title of Datuk,” he said.
Billions seized!
As a result of the raid, the police succeeded in freezing and seizing assets totalling more than RM3.17 billion.
“The seizures involved 638 bank accounts and shares worth more than RM1.16 billion, 35 units of property worth RM2 billion, as well as 10 luxury vehicles and 12 watches,”
“In addition, the police also seized cash in various foreign currencies and Malaysian Ringgit, including 2 pieces of jewellery and 4 luxury handbags,” he added.
They also confiscated various important documents related to property and goods believed to be the proceeds of illegal acquisition related to investment fraud activities.
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