TRIO LINKED TO FLEECING VIPS NABBED

HULU SELANGOR, Nov 4 (Bernama) -- Three men who lured unsuspecting VIPs to participate in an illegal get-rich-quick scheme have been arrested to facilitate investigations.

A police team rounded up the trio when they were cruising in a black Jaguar near a restaurant in Bukit Sentosa here early today.

In the incident about 12.30am, the police seized RM600,000, believed to be investments for the scheme, which was found in a bag hidden in the boot of the car.

Two other bags containing lists of names of investors were also found in the boot.

The suspects, aged between 29 and 37, have been remanded for four days.

Hulu Selangor police chief Supt Norel Azmi Affandi Yahya said initial investigations revealed that the victims comprised VIPs who were promised lucrative returns within two weeks, for every RM1,000 invested.

He said the lists contained the names of 500 investors since the syndicate began operations in 2004.

The police chief said the case would be handed over to the Bukit Aman Commercial Crime Investigation Department and Bank Negara for further action.

-- BERNAMA

MFA KAM IZ GR