Businessman cheated of RM15,000 in online loan scheme

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MIRI: A 53-year-old businessman has been cheated of RM15,000 in an online loan scheme here.

A police source said the victim came across an advertisement in the social media in mid-October this year and decided to apply for a RM30,000 personal loan.

A male suspect he was corresponding with then asked the victim to bank in some money supposedly meant for legal fees, insurance payment and other miscellaneous fees.

The suspect also asked the victim to remit RM2,525 every month for 12 months before his loan application could be approved.

The businessman then realised he had been cheated and went on to lodge a police report recently.

Meanwhile, Miri Police chief ACP Hakemal Hawari, when contacted, confirmed receiving the report.

He said the police were probing the case under Section 420 of the Penal Code for cheating.

Offenders can be jailed between one and 10 years, whipped and fined upon conviction.

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