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PETALING JAYA: A co-founder of a telecommunications company has been remanded until Thursday for his alleged involvement in a multi-level marketing (MLM) scam.
Magistrate Mohd Azali Ibrahim granted police the two-day remand order against the 34-year-old director.
Counsel Datuk Surai Singh confirmed that his client was being investigated for cheating and dishonestly inducing delivery of property under Section 420 of the Penal Code.
Police are investigating reports that several individuals were cheated in the direct-selling business of thousands of ringgit.
Some of the victims, who were present at the court complex on Wednesday, claimed they have evidence of the man's wrongdoings, which had been handed over to the police.
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