Labuan: The Sessions Court here today remanded 57 individuals for four days beginning today until June 6 to facilitate investigations into a suspected online investment scam syndicate believed to have targeted victims in South Korea.

According to BERNAMA News Agency, the remand order for 50 men and seven women, aged 20 to 46, was issued by Sessions Court Judge Dr Mellisa Chia Pui Fung following an application by police under Section 117 of the Criminal Procedure Code. The suspects were arrested during a raid on a building suspected of being the scam operation centre here at about 8.40 am on June 1, and various items with an estimated value of RM131,500 were seized.

Initial investigations revealed the suspects were believed to have been operating and residing at the premises since April this year. Those detained comprised 48 Chinese nationals - 44 men and four women - eight Vietnamese nationals, consisting of five men and three women, and one Malaysian man.

The case is being investigated under Section 420 for fraud and 120B of the Penal Code for criminal conspiracy.