Datuk Seri, Datuk arrested in Bookcoin get-rich-quick scheme

 |Aug 9, 2017

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 cent per day and up to 30 per cent per month from the amount invested. – Bernama