KULAI: A local businessman lost more than RM470,000 after falling victim to a non-existent loan scam that stretched over several months.
Kulai OCPD Asst Comm Tan Seng Lee said police received a report from the 37-year-old local man on Tuesday (June 2), claiming he had been cheated by a woman who offered him a loan that did not exist.
He said the victim had been seeking a RM500,000 loan and was approached by a Malay woman who purportedly could assist with the application.
“In an effort to secure the loan, the victim made 191 payment transactions amounting to RM478,093 into a local bank account between June 30, 2025 and Feb 16, this year,” he said here on Wednesday (June 3).
ACP Tan said the suspect instructed the victim to make various payments allegedly for CTOS checks, Inland Revenue Board charges, stamp duty and documentation fees.
“However, the victim later became suspicious and checked with the bank, only to discover that no loan application had been submitted in his name.
“Realising he had been deceived, the victim lodged a police report,” he said, adding that the case is being investigated under Section 420 of the Penal Code for cheating.
ACP Tan urged the public not to be easily deceived by individuals offering loans that are supposedly quick and easy to obtain.
“Members of the public should verify such offers with banks or the relevant institutions before making any payments,” he said.
ACP Tan also advised the public to make use of online services provided by the Commercial Crime Investigation Department, including the National Scam Response Centre (NSRC), CCID Infoline and the Semak Mule platform.
He added that the latest information on commercial crime modus operandi can also be obtained through the official social media channels of the Police.
