Crude palm oil investment scam bust, biggest so far: Police

GEORGE TOWN: The seizure of two luxury vehicles and RM850,000 cash from a crude palm oil (CPO) investment scam has been the biggest haul so far this year according to police.
Bukit Aman Commercial Crime Investigation Department director Datuk Acryl Sani Abdullah Sani (pix) said the main suspect and his son were the mastermind in this scam, but investigations are still ongoing.
He said one of the suspects was nabbed at a restaurant in Kepala Batas last week as he was attempting to flee from police.
"He was hiding here before he was apprehended," he said after the 86km bicycle ride around Penang Island as part of 210th Police Day celebrations in marine base in Batu Uban.
Nonetheless, he also urged the public not to fall prey to investment schemes promising lucractive returns.
He added, action would be taken against the suspects, under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Numerous police reports had been lodged by victims over the scam, which claimed to have promise returns up to 30%.