Bukit Aman Commercial Crime Investigation Department deputy director Senior Asst Comm Willey Richard said the scammers would advertise their"loan offers" using the names of various bogus money lending companies.
A member of the syndicate would then contact the victim to supposedly begin the loan application process, he added. In certain cases, the syndicate would even use their victim's bank account as a mule account to receive funds from other victims, he added.
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