Malaysia CEO arrested over alleged $404,000 durian orchard purchase fraud
The CEO of a fruit and vegetable wholesale, import and export company has been arrested in Malaysia over an alleged durian orchard purchase scam involving roughly RM1.65 million (US$404,000).
A Malaysian CEO, in his 50s, was arrested at the Malaysian Anti-Corruption Commission headquarters on Monday, according to The New Straits Times. The suspect, Abdul Halim Aman, visited the agency to provide a statement. Chief Commissioner Abdul Halim Aman informed The Star that the case is still under investigation, and the suspect is anticipated to be charged on Tuesday morning.
Preliminary investigations suggest that the alleged offense took place in February 2024, although the purchase of the durian orchard never went through. This case emerges amid a surge in scams involving non-existent investments in Malaysia. Last year, such schemes resulted in RM1.47 billion in losses across 9,603 cases, compared to RM848.6 million from 6,337 cases in 2024, as reported by national news agency Bernama.
A program called Op Kingfruit, initiated by the anti-graft agency to tackle durian investment scams in Raub, Pahang, has reportedly frozen bank accounts and seized assets worth RM16.15 million.
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- RM1.65m transfer for Raub durian orchard at centre of CEO’s cheating trial thevibes.com
- CEO charged with cheating businessman of RM1.65mil in durian orchard deal freemalaysiatoday.com
- Durian orchard that never was: CEO to face charge over RM1.65m scam in Shah Alam court today malaymail.com
- RM1.65mil durian orchard scam: CEO to be charged today nst.com.my
