Malaysian woman arrested in India for cheating

Andhra Pradesh state police have arrested a 50-year-old Malaysian woman for allegedly cheating investors to the tune of 160 crore Rupees (about RM85 million) through a multi-level marketing (MLM) company and money circulation schemes.

The woman, wanted for 21 criminal cases registered against her in Andhra Pradesh, was detained at the Chennai International Airport in Tamil Nadu by Immigration authorities last Sunday, according to the Press Trust of India (PTI) news agency.

She was waiting to board a flight to Malaysia, PTI reported, quoting unnamed Criminal Investigation Department (CID) officials.

A police team from Andhra Pradesh was sent to Chennai to make the arrest, it said, adding that she was produced before a court in Nellore, Andhra Pradesh, and remanded.

The woman and four other people had allegedly floated an MLM company and illegally collected deposits from investors in Andhra Pradesh by promising high returns, a CID official was quoting as saying by PTI.

As many as 21 cases had been booked against the five on charges of cheating under the Indian Penal Code and provisions of the Prize Chits and Money Circulation Schemes (Banning) Act 1978, said the report.