Bentley, boat, RM850k cash seized from investment scam mastermind

HANI SHAMIRA SHAHRUDIN


KUALA LUMPUR: Police seized cash, a luxury boat and cars worth up to RM4.3 million from the main suspect behind a crude palm oil investment scam, which had raked in over RM31 million.


The main suspect was initially arrested on Wednesday at a restaurant in Kepala Batas, Penang.


Federal police’s Commercial Crime Department director Datuk Acryl Sani Abdullah Sani said following the arrest, police launched another operation from yesterday until today.


“The follow-up operation saw a Bentley Continental, a Toyota Land Cruiser and RM850,000 in cash being confiscated.


“Police also sealed a 250-acre dates farm belonging to the suspect in Batu Kurau, Perak,” he said.


The items seized will be investigated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.


He also urged Malaysians not to fall for such frauds.