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Bukit Aman director of commercial crime Mohd Kamarudin Md Din said five men aged 23 to 60 years were arrested and vehicle spare parts valued at RM936,783 were seized.
“The syndicate had been operating for about five months from March to August in the Klang Valley and Johor, targeting suppliers and dealers of vehicle spare parts, using bank payment slips from a fake Interbank Giro to convince the victims,” he said.
Mohd Kamarudin said with the arrest of the five suspects, police had solved eight cases in Johor and one in Sentul here, believed to be master-minded by the syndicate.
He said there had been 43 such cases of fraud so far this year, with losses estimated at RM3.25 million.
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