KUALA LUMPUR: A 77-year-old woman has lost RM15.1mil to a fraudulent shares scheme.
“The victim, who is a retired professional, was approached by the first suspect who convinced her to buy shares in a Malaysian company. The victim was told he would hold the shares in trust for her,” said acting Bukit Aman Commercial Crime Investigation Department director Deputy Comm Datuk Rohaimi Md Isa.
The police received a report about the matter on Monday in Brickfields here.
“The victim was then introduced to another suspect said to be a sales agent. She was also shown several documents intended to convince her that the sale was legitimate,” DCP Rohaimi said yesterday.
Several transactions were then made between 2020 and 2021 with deposits made to three people totalling RM15.1mil.
“In 2021, the victim asked that her shares be transferred to her. She also requested for proof of the share purchases.
“However, both suspects gave various excuses and reasons for the delay.
“She began to doubt the authenticity of the shares and eventually discovered that the information stated in the documents were false.
“The case is being investigated under Section 420 of the Penal Code for cheating,” he said.
