Cargo company manager loses RM693,000 to fake investment scheme promising 100% return


GEORGE TOWN: The manager of a cargo company in Penang lost RM693,000 after falling victim to an investment syndicate that offered a 100% profit.

Penang deputy police chief Datuk Mohd Alwi Zainal Abidin said the Barat Daya district police headquarters received a police report from the 70-year-old local man on Tuesday (July 8).

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

Next In Nation

Pahang Customs seizes over RM16mil worth of smuggled goods as of Dec 30
MetMalaysia issues continuous rainfall alert for Sarawak, tomorrow until Jan 1
MMEA seizes six tonnes of tin ore off Batu Pahat
Teenage girl among four charged with migrant smuggling
Miha is Sabah BN's candidate for Lamag by-election
Malaysian man linked to Cambodia-based scam ring nabbed at Woodlands Checkpoint
Negeri Sembilan Perikatan chief resigns
Ahmad Faizal steps down as Perak PN chairman
Gao Feng lion dance troupe recognised as Melaka's best
Special window for 2025 foreign worker quota applications opens Jan 19

Others Also Read