Director loses RM1.2mil in fixed deposit scam

JOHOR BARU: A director of a private firm has lost RM1.2mil after being lured into joining a fixed deposit scheme by an acquaintance in 2020.

Johor police chief Comm M. Kumar said the 62-year-old local man lodged a police report on Wednesday (June 5) claiming that he was a victim of the scheme.

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Cheating , Fixed Deposit Scam , Section 420 Penal Code , Section 409 Penal Code , Johor Police , Investment Scam , Financial Fraud , Sharebooster Scheme

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