MACC busts investment scam syndicate with arrest of 10

Ten people including five British and two Philippine nationals have been arrested by the MACC in connection with an investment scam syndicate which had cheated its victims of about AUS$60 million (about RM200 million), according to sources.

The sources said they were arrested in the 'Op Tropicana' operation yesterday when the MACC’s Anti-Money Laundering Division raided 24 locations in Kuala Lumpur and Penang.

The syndicate, led by its British masterminds...