Kuantan police dismantle online investment fraud syndicate

Police in Kuantan, Malaysia, have dismantled a suspected online investment fraud syndicate, resulting in the arrest of 12 foreign nationals. The group, consisting of 10 Chinese men, one Indian man, and one Burmese woman, aged between 21 and 35, is believed to have targeted individuals in China and Europe.

Authorities seized equipment valued at approximately 215,000 Ringgit, including mobile phones, computers, vehicles, and networking devices. Preliminary investigations suggest the group utilized an online investment platform called ‘Minca’ to lure victims with promises of high returns for non-existent investment schemes.

The operation was launched following intelligence regarding fraudulent call center activities, which was linked to a previous raid at a resort in Sungai Limau. Investigators found communications on Telegram and Meta Business indicating that the group had already begun discussing investment packages with potential victims. The syndicate had reportedly been operating in Malaysia for about two months using local network lines.