The suspects, including 88 foreigners, were arrested in three factories and a house.

Bukit Aman Commercial Crimes CID Deputy Director of Intelligence and Operations SAC Roslan Abd Wahid said the cases were recorded from last year until the middle of this year.

Investigations revealed that the syndicate had been active since last year, with the majority of their scams conducted via telephone using the Voice Over Internet Protocol method.

“They make fake phone calls to their victims by disguising as police officers or staff of Bank Negara.

“They will claim that family members of the victims are having legal or financial issues,” he told reporters after a programme with the media here today.

Roslan said police have opened 49 investigation papers under Section 420 of the Penal Code for fraud.