Black Money Syndicate Busted By Cops on Boxing Day.

Cops Bust Black Money Syndicate

Chief Assistant Commissioner Izany Abdul Ghani /Google Images

KUALA LUMPUR: The police busted a black money syndicate with the arrest of three foreign men and confiscated RM 1.7 million of cash believed to be fake notes.

City Commercial Crime Investigation Department chief Assistant Commissioner Izany Abdul Ghani said the three men aged between 45 and 54 were picked up at a hotel in Jalan Ampang on Dec 26.

Two suspects were from China, while another was believed to be a Singaporean.Izany said the police seized eight safe boxes contained 5,373 pieces of USD100 and 831 pieces of RM100 notes.

He said police also confiscated a laptop, three mobile phones, a broadband modem, eight packets of blackened papers with the size of USD100 note and a eight packets of blank papers.

Other items seized, includes 17 bottles of chemicals believed to be used to wash blackened money.The suspects are being remanded until Jan 15.