Tuesday 25 April 2017
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thesundaily
4 days ago

Luxury items worth RM4.3m seized from mastermind in crude oil scam

KUALA LUMPUR: Police seized cash, a luxury boat and cars worth up to RM4.3 million from the mastermind 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 operation saw a Toyota Land Cruiser, a Bentley Continental and RM850,000 in cash being confiscated, he said in a statement today.

Acryl Sani said police also seized a 250-acre dates farm belonging to the suspect in Batu Kurau, Perak.

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

The syndicate had offered its investors three investment plans ranging from RM1,885 to RM16,422 for between one an

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