Once the investigation is completed, the (investigation) papers would then be submitted to the deputy public prosecutor’s office for further action, he said.
Police have opened three investigation papers against eight suspects in connection with the fraudulent forex investment scheme involving more than 23,000 victims with an investment value of almost RM80 million.
Bukit Aman Commercial Crime Investigation Department director Acryl Sani Abdullah Sani said at the moment, the investigation was referred to the Bank Negara.
On the status of a husband and wife, believed to be the mastermind behind the scam and still at large, he said the case was still under investigation.
On March 29, a total of 23,259 investors were reported to be the victims of the forex investments scam with losses estimated to reach almost RM80 million and 408 police reports had been received.
as informed in
Senate panel alleges N30tn forex scam in banks, begins probe
Leke Baiyewu, AbujaThe Senate has begun an investigation into alleged foreign exchange racketeering by commercial banks and importers.
“In essence, it is making foreign exchange scarce in the market; making the foreign exchange that the government is conceding to importers, not to be directed into activities of importation.
READ – Forex manipulation: EFCC invites more senior CBN officialsThe upper chamber of the National Assembly alleged that Nigeria had lost over N30tn to the alleged forex diversion between 2006 and 2017.
The Senate Committee on Customs, Excise and Tariff, on Wednesday, met with commercial banks in the country, asking them to furnish it with evidence that forex, released by the Central Bank of Nigeria to the importers through the banks, was utilised as documented.
READ ALSO: There’s still incentive for round-tripping in forex market — AkandeCopyright PUNCH.
collected by :kiven Dixter