KUALA LUMPUR: The police have arrested four men and a woman believed to be involved in a bogus online investment scheme that was out to cheat victims from China.

       City deputy Commercial Crime Investigation Department (CCID) chief Supt Tan Poh Cheok said they raided an apartment unit in Cheras on Tuesday (Sept 21) after receiving information that a syndicate involving locals and foreigners was operating out of the place.

       "We arrested four foreign men and a local woman aged between 20 and 23. They are suspected to be involved in the syndicate that runs a bogus online investment scheme," he said in a statement on Wednesday (Sept 22).

       The police, he added, also seized six laptops and 12 mobile phones during the raid.

       "Investigation revealed that the syndicate has been operating since early this month and targeting victims from China," he said.

       Supt Tan advised the public not to fall prey to any investment scheme, including those offered online.

       Those with information on criminal or suspicious activity should contact the City police hotline at 03-2146 0584/0585 or the nearest police station.