What type of scam were the arrested individuals suspected of running?

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Arrested Individuals Suspected of Operating Non-Existent Online Investment Scam

Twelve individuals, including ten Chinese nationals, were arrested in Melaka on suspicion of operating a fraudulent online investment scheme. The syndicate used a call centre setup to target Chinese citizens through digital platforms, primarily the MiChat application, offering fake investment opportunities.
Syndicate Operated a 'Call Centre' for Fraudulent Activities

The arrested individuals were found to be operating a 'call centre' as part of their scam. This facility was equipped with various electronic devices, including 12 sets of monitors, CPUs, and mobile phones, along with modems and routers, valued at approximately RM40,000. These tools were believed to be instrumental in facilitating their fraudulent operations.
Targets Were Chinese Citizens Reached Via Digital Platforms

The scam specifically targeted citizens of China. The syndicate utilised digital platforms and the MiChat application to make contact with potential victims. As customer service representatives, the suspects would engage with these targets, providing details and links related to the non-existent online investment schemes they were promoting.
Payments Managed by Unapprehended Syndicate Members

While the arrested individuals acted as customer service representatives to lure victims, the management of payments from interested investors was handled by other members of the syndicate who remain at large. This indicates a structured operation with distinct roles within the organisation.
Investigation Under Penal Code and Immigration Act

The investigation into this syndicate is being conducted under Section 420 (cheating) and Section 120B (criminal conspiracy) of the Penal Code, alongside Section 6(1)(c) of the Immigration Act 1959/63. All twelve suspects have been remanded from June 10 to June 23 as the authorities continue their inquiries into the extent of the scam and to apprehend other involved parties.

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What type of scam were the arrested individuals suspected of running?

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