Businessman loses RM136k in bogus deal

SIBU: A businessman who was promised hefty profits for funding a road construction project, ended up losing RM136,000.

Sibu OCPD Asst Comm Stanley Jonathan Ringgit said the bogus deal started on Nov 7 2017, when his friend showed up at a coffee shop he was in.

However, the 31-year old victim only lodged a report on Oct 2,2019, after he failed to get what was promised.

"The suspect invited the victim to participate in a road construction project in Sabah on a profit sharing basis," he said.

He was subsequently asked to come out with capital for the project.

ACP Stanley said the victim made four payments to a company account between Nov 9,2017 and Aug 1,2018 as he was attracted to the offer.

"When the victim asked the suspect on the profit, he gave several excuses.

He had also checked with the legit contractor for the project and was told that the suspect was not involved in it," he said.