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Teacher loses RM45,000 in gold investment scam

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KUANTAN: A teacher was duped of RM45,000 in a gold investment  scheme he joined four years ago.

Pahang  CID chief   Supt Mohd  Wazir  Mohd  Yusof  said the 33-year-old  teacher  lodged a police report yesterday after he did not receive the returns as promised.

Mohd   Wazir  added the victim claimed he was attracted to join a gold  trading scheme “Terima Emas  Berdiskaun” when introduced by a man known as Mohd  Faizal  who promised dividend returns of RM4,000 a month.

“To participate in the scheme, the victim remitted RM65,000 into the suspect’s account on June 17, 2014 before receiving returns amounting to RM20,000 with the last payment made in August 2015.

“In  September 2015, the suspect allegedly told the victim  that  he was facing financial problems and would  be making payment soon but the victim did not receive any returns until  today,” he told reporters here yesterday.

Mohd  Wazir added that the victim attempted to contact the suspect and the last time they met was in November last year.

The victim made a police report at the Jerantut police headquarters and investigations were being carried out under Section 420 of the Penal Code which provides for a maximum of 10 years in jail and canning and is liable to a fine upon conviction.-Bernama

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