Three company directors have been detained in connection with an investment scam resulting in RM3.9mil in losses.
Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf told a press conference on Monday (Dec 11) that a total of 57 police reports have been lodged nationwide on the case since March 15, 2021.
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Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf told a press conference on Monday (Dec 11) that a total of 57 police reports have been lodged nationwide on the case since March 15, 2021.
Read more at https://tinyurl.com/5n6jmuat
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00 Next is a little bit of success, the success of GSJK, throughout the time we operated.
00:08 The Gaiga Nation GIB investment fraud syndicate, this is just this.
00:14 Since 15 March 2021, a total of 57 police reports have been received from all over the country
00:24 regarding the alleged investment fraud activity involving the Gaiga Nation GIB Berhad company.
00:33 So far, the reported loss has been 3,992,486.43.
00:45 Based on the investigation, this company started operations around 2017
00:53 and carried out business related to land development, land development, agricultural land development,
01:03 asset development and liability management.
01:07 The investment promotion was made through Facebook and the appointed company agents.
01:15 Two investment packages were offered, namely GIB Sublet 2020 with a maturity of 2 years and 2 months.
01:24 And the second one, GIB Sublet Flipping 2020 with a maturity of 1 year.
01:32 Investment money is said to be invested in the field of real estate and investment is promised to be profitable
01:39 worth 540 ringgit every 45 days for the first package and 60 days for the second package.
01:48 Most investors have received dividends in the first 1 or 2 months, but after that, they are not paid.
01:58 More or less like Pak Mantelow in the past.
02:01 All three directors of the Gaiga Nation GIB Berhad company, aged 49 to 57, were arrested on 7 December 2023.
02:15 The first remand was granted for 3 days, until 10 December, until yesterday, 2023.
02:23 And the second remand was granted for 2 more days, until 12 December, until tomorrow, 2023.
02:30 This case is being investigated under Section 420 of the Penal Code.
02:35 Thanks a lot.
02:36 [End of Audio]