SHAH ALAM, Aug 27 (Bernama) -- Two Japanese men were among four people detained by police in connection with a syndicate that is believed to have issued false bonds using the name 'Federal Reserve of America Bond' running into hundreds of millions of ringgit in a raid at a hotel here early this morning.
Shah Alam police chief ACP Noor Azam Jamaluddin said in the 1.45am raid by the Commercial Crimes Investigation Department (CCID), the two Japanese men, aged 62 and 68, and a local aged 38, were detained in a room at the hotel.
He said the team then raided another room in the same hotel and detained a 31-year-old Indonesian woman who had in her possession a briefcase containing bond certificates and counterfeit money.
"We also seized several other materials like 114 sheets of brown-coloured A4 paper with the words Federal Reserve Bond embossed on them and seven sheets of platinum written with "United States of America Department of Treasury Bank Memorandum".
"Also seized were 50 "The Japanese Government" currency notes and 150 Gold Certificates valued at USD100,000 each (RM314,000) four gold coins and five green cards titled "Federal Reserve Bond"," he told a press conference here.
Noor Azam said the modus operandi of the syndicate was to use the local man as a trustee to find investors.
However, he said to date, no police reports had been lodged on the syndicate.
"According to our initial investigations, the local man is wanted by the authorities in the state of Indiana, United States for cheating and we are now liaising with Interpol," he said.
He added that all the suspects had been placed on remand and that the case was being investigated under Section 420 of the Penal Code for cheating.
Sumber Asal: Bernama Online, 27 Ogos 2010