SILEGX Scam Investigation Uncovers 46 Cases and RM41.5 Million Losses

The investigation into the SILEGX investment scam has intensified, with 46 cases now under scrutiny and losses totaling RM41.5 million, as reported by Comm Datuk Seri Ramli Mohamed Yoosuf. The director of the Bukit Aman Commercial Crime Investigation Department (CCID) emphasized that the syndicate behind this scam has been actively promoting a crypto-based investment scheme through social media platforms.

“Potential investors are lured into WhatsApp or Telegram groups, where they receive detailed explanations about the investment opportunity,” Comm Ramli stated during a press conference at the CCID headquarters.

So far, 46 victims have come forward to file police reports, including 15 senior citizens. Among the latest victims are three seniors who collectively lost over RM5 million. One of them, a 71-year-old man, was drawn in by a Facebook advertisement and subsequently added to a WhatsApp group. After registering his account, he transferred RM5 million across eight bank accounts in 42 transactions.

In early March, the victim was informed that the investment platform was experiencing issues and that he needed to withdraw his funds to avoid account freezing. At that point, he was shown a profit of nearly RM1 billion. However, when he attempted to withdraw, he was asked to pay a fee of RM1.01 million. Suspicious of the situation, he filed a police report.

Comm Ramli revealed that the investigation has identified 39 bank accounts used by the scam to receive funds from victims. Authorities are working diligently to track down those responsible and prevent further fraudulent activities. The CCID continues to urge the public to remain vigilant and report any suspicious investment schemes to the authorities.