Darren Yaw, a key figure in GCG Asia Wealth Finance, and his wife have been arrested by police, a senior officer at the Cambodian National Police General Directorate told the media.

Darren Yaw, a key figure in GCG Asia Wealth Finance, and his wife have been arrested by the police

Qiu and his wife, who are Malaysian nationals, have been sent to the police station for further investigation, the police official said.

Using the Cambodian Prime Minister's name for false propaganda

The rapid arrest of key figures in GCG Asia is related to a "national security emergency notice" issued by Cambodian Prime Minister Hun Sen on Facebook on May 16.

Cambodian Prime Minister Hun Sen

On the evening of the 16th, Prime Minister Hun Sen released a message on his official Facebook page, which read:

"National security emergency! GCG Asia posted my photo and name on its website (http://gcgasiacoin.com), saying that I am a supporter of the company and will be attending its opening ceremony on May 20, 2019. The company also claims that the National Bank of Cambodia and the Bank of China are its partners in Crypto Currency affairs. According to the Indonesian Embassy in Cambodia, it has been confirmed that GCG Asia Limited is a company operating illegally and has been placed on the Black List. As the Prime Minister of Cambodia, I declare a complete denial of these reports. None of the information published on the company's website is true. We ask the relevant government departments to carefully investigate and bring the lawbreakers to justice. The Cambodian people, domestic and foreign investors should be vigilant and beware of being cheated. "

Jusfu Financial used a photo with Prime Minister Hun Sen on its official website to falsely advertise that Cambodian Prime Minister Hun Sen is a supporter of the group and will attend the inauguration ceremony of Jusfu Financial Group's headquarters in Phnom Penh on May 20 as the country's prime minister.

▲ Jusfu Financial used Prime Minister Hun Sen to spread false propaganda

Under the instruction of Prime Minister Hun Sen, an inter-departmental working group composed of the National Police General Directorate, the National Bank, Phnom Penh City Police and the Securities Commission of Cambodia went to the Phnom Penh office of Jufu Financial Group on the morning of the 17th to carry out an inspection operation, and after the inspection, affixed a seal on the company door and temporarily closed the Phnom Penh office of Jufu Financial Group. Darren Yaw, the core figure of Jufu Financial Group, and his wife were arrested by police on the same day.

General Neeshavin, director of the Cambodian National Police, said at the same time that GCG ASIA is an international fraud group, according to the investigation, GCG Asia is not registered in the National Bank of Cambodia and relevant departments, the company has been exposed in Malaysia and Indonesia fraud, after fleeing to Cambodia to set up headquarters.

In addition, General Neshavin also revealed that most of the victims were Chinese.

Rich financial hiding in Malaysia and Indonesia and other places, has made up a series of lies in the domestic fraud, has been exposed again and again, and even by the Indonesian police wanted.

FX110 network has a detailed report: GCG Jufu Finance suspected of financial fraud was wanted by the Indonesian police!

Invented a series of lies to defraud investors and eventually got caught

After fleeing to Cambodia, Jufu Finance repeated its old tricks and began a new round of lies

Jufu Financial published false information in the name of Bank of China Phnom Penh Branch without authorization. Bank of China issued an emergency statement saying that it has not established any business ties with Jufu Financial Group, nor signed any similar agreement with Jufu Financial Group, and has commissioned lawyers to investigate the company's suspected false publicity behavior.

GCG Asia Jufu Financial Group claimed to have acquired MSG Maisheng, and was severely "hit in the face" by MSG Maisheng:

Lying again and again have been exposed to the face, but there are still many domestic investors cheated, FX110 reminds the majority of investors, must be vigilant, rational investment, beware of falling into a similar wealth of financial fraud.

The Indonesian police have already issued an official notice on March 27, 2019, characterising GCG Asia Mega Financial as a "money game" of fraudulent nature, namely a "Ponzi scheme".

At present, Qiu plutocracy has been escorted to Phnom Penh Primary Court on the morning of the 19th to accept further interrogation by prosecutors.

Source: FX110