Penang Police Crack Down on Investment Scam Targeting Chinese Citizens

Penang Police Remand Four Suspects in Multi-Million Ringgit Investment Scam Four individuals – three Chinese men and one Vietnamese woman – have been remanded for four days in Penang, Malaysia, for their alleged involvement in an online investment scam targeting Chinese citizens. The arrests follow a raid on a luxury condominium on Pulau Tikus, where authorities seized nine mobile phones, three laptops, a Rolex watch, and RM84,455 in cash. The suspects, aged between 21 and 34, are believed to have been operating the scam since March. "The remand order, issued by Magistrate Muhammad Said, allows police to conduct a thorough investigation," a police spokesperson stated. The 21-year-old Vietnamese woman is believed to be the girlfriend of one of the 34-year-old suspects and is suspected of managing the operation. The successful operation highlights the ongoing efforts of Malaysian law enforcement to combat financial crime.