Police have opened three investigation papers against eight suspects in connection with the fraudulent forex investment scheme involving more than 23,000 victims with an investment value of almost RM80 million.

Bukit Aman Commercial Crime Investigation Department director Datuk Acryl Sani Abdullah Sani said at the moment, the investigation was referred to the Bank Negara.

Once the investigation is completed, the (investigation) papers would then be submitted to the deputy public prosecutor's office for further action, he said.

On the status of a husband and wife, believed to be the mastermind behind the scam and still at large, he said the case was still under investigation.

On March 29, a total of 23,259 investors were reported to be the victims of the forex investments scam with losses estimated to reach almost RM80 million and 408 police reports had been received. -- Bernama