The Bukit Aman Commercial Crime Investigation Department (CCID) arrested seven individuals in Kuala Lumpur for their involvement in a criminal syndicate operating under a fake investment platform.
CCID director Datuk Seri Ramli Mohamed Yoosuf said at a press conference on Monday (Dec 11) that the group targeted victims, especially the Indian population, by creating fake cryptocurrency markets, adding that the scam included fraudulent websites and fake stock market graphics to entice unsuspecting investors.
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CCID director Datuk Seri Ramli Mohamed Yoosuf said at a press conference on Monday (Dec 11) that the group targeted victims, especially the Indian population, by creating fake cryptocurrency markets, adding that the scam included fraudulent websites and fake stock market graphics to entice unsuspecting investors.
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NewsTranscript
00:00 The second is about the arrest of the investment fraud call centre.
00:06 Based on the information from the call centre,
00:12 on 7 December 2023,
00:16 JSJK carried out a robbery and arrest at a premises in Kuala Lumpur.
00:22 The result of the robbery was 7 individuals,
00:25 2 men and 1 woman from the local community,
00:28 3 Chinese men and 1 Taiwanese man,
00:33 aged 27 to 42 years old, were arrested.
00:39 The arrested OKT officers were officials,
00:43 human resources managers,
00:45 script translators,
00:47 web designers and office assistants.
00:50 The robberies included 13 mobile phones,
00:54 which you can see in front of you,
00:57 4 computers,
00:59 3 sets of computers,
01:01 1 router,
01:02 1 modem,
01:03 1 iPad,
01:04 1 tablet,
01:06 and cash.
01:08 Rp3,855,
01:11 USD1,000,
01:15 EUR200,
01:17 and Rp13,000.
01:24 Based on the initial investigation,
01:27 the syndicate was found to have offered an unauthorised investment scheme
01:30 under the name Alpha AI,
01:33 or its website, alphaai.bip,
01:38 which offered a fake cryptocurrency market platform
01:44 by targeting victims among the Indian people.
01:49 The syndicate members have built a fake bank account
01:53 and created a fake stock market graph
01:56 to boost investors.
01:59 The syndicate was also found to have translated
02:03 a fake script in Chinese
02:07 into English
02:09 and then into Hindi,
02:11 3 times,
02:13 to boost victims among the Indian people.
02:18 We expected this kind of incident to be even more severe
02:22 because there is an application
02:24 that can translate the script into the language it is being used.
02:28 If I speak Malay now,
02:30 and I translate it into English,
02:32 the intonation will be similar
02:34 and it will take only 2 seconds
02:38 to translate it into English.
02:41 So, it is not difficult
02:43 to do this.
02:45 A call from Malaysia using a Malay script
02:49 and for a client
02:51 in China, it would be Mandarin,
02:54 Cantonese, and so on.
02:56 In India, it would be Hindi.
02:58 All languages can be translated
03:00 in just 2 seconds.
03:03 All the local residents of Oketi were released
03:06 with police guarantees
03:08 after the arrest of them
03:10 ended on 10 December 2023.
03:13 Meanwhile, 4 Oketi residents were detained
03:15 under the Outside Immigration Act
03:17 from 1959 to 24 December 2023.
03:21 The case was investigated under Section 420
03:24 511, Penal Code,
03:27 Section 120B, Penal Code,
03:30 and Section 610C,
03:32 Immigration Act, 1959.
03:35 [Silence]