Police arrested three individuals including a Datuk who were cheating the public at large with an offer to sell a property below its market value. File pic

KUALA LUMPUR: Police arrested three individuals including a Datuk who were cheating the public at large with an offer to sell a property below its market value.

Federal police Commercial Crime Investigation Department director Datuk Seri Acryl Sani Abdullah Sani said the 37-year-old man and his accomplices, aged 29 and 45, had masterminded the scheme where a buyer would be able to purchase a 1,650 sq ft bungalow for a mere RM60,000. The estimated price of a similar bungalow stands roughly around RM6.2 million.

He said a total of 188 police reports have been lodged against the trio’s two companies, DBI Properties and Juta Kelulut Global Resources.

The Datuk was arrested at a police station in Ampang when he surrendered himself.

Police who raided the suspect’s office at Wisma DBI in Ampang had also seized a Nissan Fairlady and BMW E92 cars, three smartphones, and various documents, including a PhD certificate from a university known as Samaritan Mission International University.

His two other accomplices were arrested at a condominium in Setapak.

The trio will be remanded until Wednesday to facilitate investigations under Section 420 of the Penal Code for cheating and dishonestly inducing delivery of property.

Acryl reminded members of the public to be careful with the syndicates such as these, who manipulated people for their personal gains.

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