Agarwood Investment Scam: 6 Arrested Across 21 Cases in Malaysia
Police arrested six suspects across 21 suspected agarwood investment scam cases; victims should call 997 and their bank immediately.
- 01/06
Police arrest six in agarwood scam 21 cases under investigation across Malaysia; two more suspects arrested, bringing the total to six. - 02/06
Myth It is a legitimate agarwood commodity investment you can buy into and resell for profit. Fact Police are treating all 21 cases as a suspected investment scam. It is not a commodity trade The product is marketed as an "investment." Police classify all 21 cases as a suspected scam, not a legitimate supply chain. - 03/06
The scale of the case ✓cases under investigation 21 Six suspects in custody; the investigation is still open. - 04/06
What to do the moment you realise BNM guidance: call the National Scam Response Centre at 997 immediately, then contact your bank. Speed is what freezes the transfer. - 06/06
Bottom line Arrests do not recover your money Six arrests are the start, not the end. Call 997 and your bank now — that is what gives you the best chance of freezing the transfer.
Questions people ask
What should I do if I lost money in an agarwood investment scam?
Call the National Scam Response Centre at 997 immediately, then contact your bank to request a freeze on the transfer. The faster you report, the better the chance of freezing the money before it leaves the account.
How many cases and arrests are involved in the agarwood scam?
Police have recorded 21 cases and made 6 arrests so far. Two more suspects were arrested, bringing the total to six. The investigation is ongoing.
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