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KUALA LUMPUR: Police raided two residential units along Persiaran KLCC believed to have been used by a cryptocurrency investment scam syndicate and have arrested seven individuals.

Dang Wangi OCPD Asst Comm Noor Dellhan Yahaya said the raid occurred around 4.20pm on Tuesday (Oct 10).

"Our Commercial Crime Investigation Department personnel raided the two residential units believed to be used as a call centre.

"We arrested one local man, four foreign men and two foreign women aged between 22 and 28," he said in a statement on Wednesday (Oct 11).

He said police also sized one desktop computer, 15 mobile phones, five laptops, one modem, one access card and several keys.

"The syndicate has been operating for nearly a month and targets victims from China and the United States.

"One of the suspects arrested has a prior record.

"All the suspects have been remanded for three days," he said.

Meanwhile, Cheras OCPD Asst Com Zam Halim Jamaluddin said his personnel also uncovered another investment scam syndicate on the same day.

"We raided two premises at Salak Selatan on the same day at 2.30pm.

"The premises were believed to be used by an online cryptocurrency investment scam.

"We arrested seven men from China, a Taiwanese woman and a local woman aged between 23 and 40 during these raids," he said in a statement.

He said they also seized nine laptops, 11 mobile phones, two modems and a router.

"The syndicate targetted victims from Hong Kong and Taiwan, he said, adding that those arrested have been remanded for four days.

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Cops uncover two cryptocurrency scam syndicates that target ... - The Star Online