Kuala Lumpur: A total of 46 investigation papers have been opened in connection with the ‘SILEGX’ investment fraud scheme nationwide, involving losses amounting to RM41.5 million. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf revealed that 46 individuals are believed to be victims of the fraud, with pensioners making up the largest group at 15.
According to BERNAMA News Agency, the victims also include 12 businessmen, 10 private sector workers across various fields, three teachers, two engineers, a bank officer, an accountant, a doctor, and a housewife. Among the victims is a 71-year-old retiree who came across a crypto investment advertisement on Facebook in November 2024. Intrigued, he reached out via the WhatsApp number provided and was subsequently added to the ‘Outstanding Elite Major Team’ WhatsApp group. There, he was given information on stock and cryptocurrency investments available through the silegx.com platform, which allegedly promised quick profits.
Ramli explained that the retiree, who is a government pensioner, went on to register an account on the platform and made 42 money transfers to eight different bank accounts under various companies, totaling approximately RM5 million. By early March 2025, the retiree was informed of issues with the SILEGX platform and was advised to withdraw his money to avoid it being frozen. At that time, the retiree discovered his investments had supposedly yielded profits of USD205,463,456 along with RM1 billion.
However, when he attempted to withdraw these earnings, he was asked to pay a processing fee of USD230,000. This demand raised suspicions about the scheme’s legitimacy, leading him to file a police report last Monday. Ramli noted that 39 bank accounts were identified as being used in the investment scheme to receive money from victims. Of these, 37 accounts were registered under company names, and two were under business names. All cases are currently being investigated under Section 420 of the Penal Code.