KUALA LUMPUR: Police have busted an organised crime group, the 'Nicky Gang', with the arrest of 68 individuals and seizure of hundreds of thousands of ringgit in cash and assets worth millions in 70 raids conducted in Selangor and Klang Valley.

Describing this gang as violent and dangerous, Inspector-General of Police, Tan Sri Abdul Hamid Bador said the Nicky Gang was believed to be involved in international organised crime, Macau Scam and money laundering.

"In this operation, 70 raids were conducted to track down and arrest the gang members led by Datuk Seri Nicky Liow Soon Hee, aged 33, and also the founder of Winner Dynasty Group which is headquartered in Setiawalk Puchong, Selangor.

"We also seized a Glock 17 pistol, a magazine containing nine bullets and cash in various currencies valued at RM773,145 and luxurious vehicles worth RM6.67 million," he said at a special media conference in Bukit Aman, here, today.

Following this, police are on the hunt for Datuk Seri Nicky Liow Soon Hee, who is believed to be still in hiding in the country.

Those arrested in the operation conducted from March 20 to 28 were 48 individuals under the Security Offences (Special Measures) Act (SOSMA) 2012, 11 Chinese nationals and one from Myanmar under the Immigration Act 1959/63, and eight locals for drug offences after the urine tests done found them to be positive.