KULAI: A businessman lost more than RM470,000 to a non-existent loan scam that stretched over several months.
Kulai OCPD Asst Comm Tan Seng Lee said the 37-year-old victim had been seeking a RM500,000 loan and was approached by a woman who purportedly could assist with the application.
“In an effort to secure the loan, the victim made 191 payments amounting to RM478,093 into a bank account between June 30, 2025 and Feb 16 this year,” he said yesterday.
“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.
The case is being investigated under Section 420 of the Penal Code for cheating.
