MELAKA: It sounds unbelievable but a 23-year-old female entrepreneur from Masjid Tanah here actually ended up paying RM19,681 as processing fees to apply for a RM20,000 loan that she never received.
On top of that, the handphone number for the loan scam has been red-flagged by police on the "Semak Mule" app.
Melaka Commercial Crime chief Supt E. Sundra Rajan said it was baffling that the owner of a catering company had paid up the sum, which was almost the amount that she had intended to borrow.
"The case doesn't make sense but our investigation revealed that the same fraudster has previously cheated eight individuals using the same tactic with losses suffered by all the victims amounting close to RM72,000.
"This shows that there are still many gullible people falling for loan scams despite media reports on the existence of such scammers," he said on Monday (Feb 8).
Supt Sundra Rajan said the victim had paid the amount into five different bank accounts provided by the conman between Jan 30 to Feb 5.
"The victim saw an online advertisement for a company offering such loans on Jan 29 before applying for the amount," he said, adding that the fraudster's number had already been flagged as a scam under "Semak Mule" app, a website to identify scammers.
Supt Sundra Rajan said the victim then corresponded with a man who directed her to deposit RM19,681 as processing fees as well as stamping duty.
He said the victim decided to lodge a report at Masjid Tanah police station when she failed to receive the loan.
Supt Sundra Rajan added the report was being investigated under Section 420 of the Penal Code for cheating.