The post Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets appeared on BitcoinEthereumNews.com. Twelve Malaysian police officers arrested overThe post Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets appeared on BitcoinEthereumNews.com. Twelve Malaysian police officers arrested over

Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets

  • Twelve Malaysian police officers arrested over alleged $51,000 crypto extortion in Selangor raid.
  • Complaint by Chinese national triggered gang robbery probe tied to forced digital asset transfer.
  • Arrests come days after the king’s warning on corruption within police and key agencies.

Authorities in Malaysia have detained 12 police officers over allegations that they extorted cryptocurrency worth roughly 200,000 ringgit, or about US$51,000, from a group of Chinese nationals during a late-night raid in Selangor. The arrests follow a formal complaint lodged earlier this month and come amid heightened scrutiny of corruption within the country’s public institutions.

According to Selangor police chief Shazeli Kahar, the officers were taken into custody after one of the eight alleged victims filed a complaint on February 6. Local media reported that the individuals involved were between 25 and 45 years old.

The group alleged that officers entered a bungalow in Kajang district, outside Kuala Lumpur, around midnight. During the operation, phones and laptops were reportedly seized. One of the Chinese nationals was allegedly compelled to transfer digital assets to a designated cryptocurrency account.

Shazeli confirmed that the case is being investigated as a gang robbery involving a foreign national’s cryptocurrency. He did not disclose further operational details but stated that immediate action had been taken following the complaint. “The Selangor police contingent will not compromise with any officers or members who are involved in criminal activities,” he said in a statement.

Related: Interpol Declares Global Emergency Over Transnational Crypto Scam Networks

Arrests Follow Royal Warning on Corruption

The detentions were announced days after Malaysia’s King, Sultan Ibrahim Iskandar, publicly warned that corruption within key government agencies was under close watch. In a social media post earlier this week, the monarch stated that he had independent intelligence on corrupt practices across institutions, including the police, immigration authorities, customs department, and the Malaysian Anti-Corruption Commission.

The king’s remarks followed criticism of Prime Minister Anwar Ibrahim’s decision to retain Malaysian Anti-Corruption Commission Chief Commissioner Azam Baki, who is facing allegations related to illegal shareholdings. The commission has denied the claims, which were first reported by Bloomberg, and Azam has filed a defamation lawsuit against the news agency.

Since taking office in 2022, Anwar’s administration has pursued a series of investigations and charges against senior civil servants and political figures as part of a broader anti-corruption effort. The investigation into the Selangor case remains ongoing. Authorities have not indicated whether additional arrests or disciplinary measures are expected.

Related: Spain Arrests Salon Owner in €600K Hamas Crypto Funding Probe

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/malaysian-police-face-gang-robbery-probe-tied-to-seized-digital-assets/

Market Opportunity
Notcoin Logo
Notcoin Price(NOT)
$0.0003701
$0.0003701$0.0003701
+0.02%
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

In the ever-evolving world of cryptocurrencies, recent developments have sparked significant interest. A closer look at pricing forecasts for Cardano (ADA) and rumors surrounding a Solana (SOL) ETF, coupled with the emergence of a promising new entrant, Layer Brett, reveals a complex market dynamic. Cardano's Prospects: A Closer Look Cardano, a stalwart in the blockchain space, continues to hold its ground with its research-driven development strategy. The latest price predictions for ADA suggest potential gains, predicting a double or even quadruple increase in its valuation. Despite these optimistic forecasts, the allure of exponential gains drives traders toward more speculative ventures. The Buzz Around Solana ETF The potential introduction of a Solana ETF has the crypto community abuzz, potentially catapulting SOL prices to new heights. As investors await regulatory decisions, the impact of such an ETF on Solana's value could be substantial, potentially reaching up to $300. However, as with Cardano, the substantial market capitalization of Solana may temper its growth potential. Why Layer Brett is Gaining Traction Amidst established names, a new contender, Layer Brett, has started to capture the market's attention with its early presale stages. Offering a low entry price of just $0.0058 and promising over 700% in staking rewards, Layer Brett presents a tempting proposition for those looking to maximize returns. Comparative Analysis: ADA, SOL, and $LBRETT While both ADA and SOL offer stable investment choices with reliable growth, Layer Brett emerges as a high-risk, high-reward option that could potentially offer significantly higher returns due to its nascent market position and aggressive economic model. Initial presale pricing lets investors get in on the ground floor. Staking rewards currently exceed 690%, a persuasive incentive for early adopters. Backed by Ethereum's Layer 2 for enhanced transaction speed and reduced costs. A community-focused $1 million giveaway to further drive engagement and investor interest. Predicted by some analysts to offer up to 50x returns in coming years. Shifting Sands: Investor Movements As the crypto market landscape shifts, many investors, including those traditionally holding ADA and SOL, are beginning to diversify their portfolios by turning to high-potential opportunities like Layer Brett. The combination of strategic presale pricing and significant staking rewards is creating a momentum of its own. Act Fast: Time-Sensitive Opportunities As September progresses, opportunities to capitalize on these low entry points and high yield offerings from Layer Brett are likely to diminish. With increasing attention and funds being directed towards this new asset, the window to act is closing quickly. Invest in Layer Brett now to secure your position before the next price hike and staking rewards reduction. For more information, visit the Layer Brett website, join their Telegram group, or follow them on X by clicking the following links: Website Telegram X Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/09/18 18:39
Tests 50-day EMA barrier near 183.00

Tests 50-day EMA barrier near 183.00

The post Tests 50-day EMA barrier near 183.00 appeared on BitcoinEthereumNews.com. EUR/JPY remains steady after three days of gains, trading around 182.70 during
Share
BitcoinEthereumNews2026/02/23 17:03
Moonshot MAGAX vs Shiba Inu: The AI-Powered Meme-to-Earn Revolution Challenging a Meme Coin Giant

Moonshot MAGAX vs Shiba Inu: The AI-Powered Meme-to-Earn Revolution Challenging a Meme Coin Giant

Discover how Moonshot MAGAX’s AI-powered meme-to-earn platform outpaces Shiba Inu with innovative tokenomics and growth potential in 2025.
Share
Blockchainreporter2025/09/18 03:15