KOTA BHARU — Police are monitoring online business and cosmetic founders who flaunt immense wealth on social media. Officials want to ensure these individuals are not involved in money laundering.
Kelantan Police Chief Datuk Mohd Yusoff Mamat explained that their extravagant lifestyle put them on the radar. Their businesses are not linked to scams yet. However, police want to know the true source of the large cash stacks and luxury goods shown during live streams.
Now, investigators expect these founders to show solid financial records. They must provide clear transaction logs, sales receipts, and bank statements to prove their money is clean.
Datuk Mohd Yusoff noted that these flashy displays often serve as a smart marketing trick. The sellers show off huge profits to convince the public that their items sell well. This tactic creates an illusion of high demand.
To strengthen the probe, the police will team up with Bank Negara Malaysia and the Inland Revenue Board. Officers will take immediate legal action if they find any financial crimes or tax evasion.
Finally, police urged the public to stay alert. People should avoid sketchy investment schemes that promise fast money and trust only verified platforms.
