Company director cheated of over RM1.3mil in investment scam

JASIN: A 38-year-old company director lost over RM1.3mil in an investment scam.

Jasin OCPD Deputy Supt Ahmad Jamil Radzi said the victim, who manages a wood-based company here, came across a Facebook post about an investment scheme that claimed to provide quick profits in September.

“After clicking on the given link, the victim was soon contacted by three people who introduced themselves as Alice, Lisa and David.

"The trio guided the victim on the procedure to carry out the investment before adding her to a WhatsApp group,” he said on Tuesday (Dec 5).

DSP Jamil said the victim and her 40-year-old husband were subsequently given financial advice on ways to reap high returns from the scheme in the group chat.

“The scammers also gained the trust of the victim by awarding her with a small sum to lure her to invest in the scam,” he said.

He said the victim then deposited RM1.3mil to 19 different bank accounts.

“The victim suspected something amiss when she received an Initial Public Offering certificate from a conglomerate in China and not a local fund management company as told to her earlier by the scammers.

“She also found out that the certificate is fake," he said.

DSP Jamil said the victim lodged a report at Merlimau police station several days ago.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

investment , scam , fraud , jasin , melaka


Next In Nation

National labour productivity posted positive growth of 0.7% in Q4 2023, says Stats Dept
Sultan of Brunei joins funeral prayers for Taib
Employers cannot cut salaries as disciplinary measure, says Sim
King graces second day of 265th Conference of Rulers meeting
Tenom substitute teacher pleads guilty to using fake MyKad for 29 years
Tributes continue to pour in for late Taib
Religious Affairs Minister urges Muslims to reject fanaticism
Hydroshoppe director gets passport back for business trip to US, Germany
Bomba task force to inspect fire safety at DBKL public housings
Dr M's two sons can re-apply for further extension but subject to review, says Azam Baki

Others Also Read