SHAH ALAM: Selangor police detained two businessmen with the honorific “Datuk Seri” and “Datuk” titles in Kuala Lumpur last Thursday for allegedly masterminding the Bookcoin get-rich-quick scheme which resulted in losses to victims amounting to RM2.1 million.
State police chief Mazlan Mansor said the suspects, in their 40s, were picked up about 11am during a raid on two luxury houses in the vicinity of Desa Park City, Kuala Lumpur.
According to him, the arrests were the result of four police reports lodged earlier this month in relation with the investment scheme which had been active since mid-2016.
“Police investigations revealed that victims were duped into investing in the Bookcoin scheme after they were guaranteed returns of 1% per day and up to 30% per month from the amount invested.
“The investment scheme offered three packages, namely US$10,000 (gold package), US$1,000 (silver package) and US$100 (bronze package).
“Those who had invested between RM100,000 and RM500,000 did not receive the returns as promised,” he told a press conference here today.
Mazlan said during the raid, the police seized foreign currencies totalling RM1.06 million, 17 watches, two mobile phones, 35 designer handbags, laptop, 26 cheque books, 16 silver bar pieces, a Porsche Macan and a Toyota Vellfire, all valued at RM1.05 million.
He said according to preliminary investigations, some 200 individuals in the Klang Valley had invested in the scheme but to date, only four victims had lodged police reports.
“It is believed the suspects organised seminars and briefings on optimising returns through the Bookcoin investment.
“The victims realised they were deceived after they were given a password to study the return flow on the website but after a year, they failed to earn money from the investment,” he said, adding the two suspects were remanded to facilitate investigations. Bernama