Retiree loses over RM340,000 in loan scam


SEREMBAN: A 62-year-old retired civil servant lost almost RM343,000 after being cheated in a loan scam.

State Commercial Crime Investigation Department chief Supt Aibee Ab Ghani said the victim decided to apply for a RM200,000 loan after coming across an advertisement on social media on Sept 22.

"The loan was to pay for a non-governmental organisation-related programme the victim had organised. After making the application, a woman called him to ask for his personal documents to enable them to process it," he said in a statement.

Supt Aibee said that the woman then called the victim and told him that his application was successful and added that he was then asked to make payments purportedly for processing, insurance and agreement fees before he received the money.

He said that the victim then transferred money via 71 transactions into several bank accounts from Sept 29 till Oct 24 and raised the amount by borrowing from friends and relatives and selling his car.

"The victim only realised that he had been cheated when he asked for money from his children who told him that he had been scammed," said Supt Aibee, adding that the victim then lodged a police report.

He said that the case is now being investigated under section 420 of the Penal Code for cheating.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

74% readers found this article insightful

Next In Nation

Covid-19: 20 more Top Glove workers taken for treatment
King expresses condolences over Maradona's death
Sabah wants more info over claims of improper medical waste disposal before taking action
Dr M chides Opposition MPs for 'supporting' Perikatan govt over Budget 2021
Anwar: We are not done with Budget 2021 yet
Fruit stall worker in Penang Hospital tests positive for Covid-19
BUDGET VOTE: The fine line between political reality and political maturity
Tok Mat: Ensure no wastage or misplaced priorities in Budget 2021 implementation
Body of man who fell from Sg Batu Pahat bridge found
Student scammed RM10k by 'US collector' trying to purchase out-of-circulation M'sian currency

Stories You'll Enjoy