Factory worker loses RM87,400.90 to investment scam
JOHOR BAHRU: A factory worker claimed to have been deceived by a non-existent investment scheme resulting in a loss of RM87,400.90. Iskandar Puteri district police chief ACP Rahmat Ariffin said the 40-year-old man claimed to have participated in a practical training camp on investment through a WhatsApp group last May 4 and joined an investment […]
E-commerce merchant loses RM238,481 in investment scam
PADAWAN: An e-commerce merchant has been left devastated after falling prey to a non-existent investment scam, resulting in a staggering loss of RM238,481. The 44-year-old woman had recently filed a police report detailing the fraudulent scheme that led to her financial downfall. Sarawak Police Commissioner Datuk Mohd Azman Ahmad Sapri said the incident began on […]
Investment scams on the rise, losses reaching RM8.2 mln
KUCHING: The Sarawak Commercial Crime Investigation Department (CCID) has recently recorded a significant increase in investment scam cases this year. Police Commissioner Datuk Mohd Azman Ahmad Sapri said the figure recorded from a period of Jan 1 to May 30, rose to 93 cases this year from 74 cases in 2022. Losses incurred during the […]
Real estate director loses RM1.5 mln in fake investment scheme
KUCHING: A 66-year-old woman has fallen victim to a non-existent investment scam, resulting in a staggering loss of RM1.5 million. The incident came to light after the victim, who is a director of a real estate company, lodged a police report yesterday (May 30), where she detailed the fraudulent scheme which promised high returns on […]
Trader duped in investment scam
SIBU: A trader lost more than RM320,000 after being lured by a promise of a 50 per cent profit from a share investment scheme. Sibu Police Chief ACP Zulkipli Suhaili said a report was filed by the victim, a 50-year-old individual, last Wednesday. Following investigations, it was discovered that the victim came across the advertisement […]
Woman loses RM1.4 mln to investment fraud racket
KUCHING: A 40-year-old woman suffered a loss of RM1.4 million after she was cheated by an investment fraud syndicate. Sarawak Police Commissioner Datuk Mohd Azman Ahmad Sapri said the Commercial Crime Investigation Department received a report from the victim, a traditional medicine shop trader, on May 18. He said the victim, while at home on […]
Retiree, 68, scammed of RM435k in fraudulent investment
MUKAH: Tempted to invest in a company share, a retiree used up all his savings and ended up losing RM435,000 of his hard-earned savings to scammers in a fraudulent investment scheme. Mukah district police chief DSP Muhamad Rizal Alias said the 68-year old victim’s agony started on February 8 when he was approached by a […]
Ensure investment firms have prospectus to avoid falling prey to scams
KUALA LUMPUR: Members of the public who wish to make investment offered by any company need to ensure that the company has a prospectus certified by the Securities Commission (SC) to avoid being caught in investment scheme scams. Malaysian International Humanitarian Organisation (MHO) secretary-general Datuk Hishamuddin Hashim said the prospectus is a document for share […]
Online financial fraud growing but preventable
KUCHING: In just about every country in the world, financial fraud is a major issue, and Sarawak, is no exception. Financial fraud cases have increased recently in the state, costing both individuals as well as organisations a great deal of money. Phishing, identity theft and investment scams are just a few of the techniques fraudsters […]
Police probe Sencapital investment scheme involving RM6 mln losses
KUALA LUMPUR: The Royal Malaysia Police (RMN) is investigating Sencapital investment scheme which was allegedly found to be duping investors throughout the country involving losses of more than RM6.7 million suffered by victims. RMN Secretary Datuk Noorsiah Mohd Saaduddin said the scheme which was active at the end of last year offered investments based on […]
