News Formal

S'pore engineer loses more than $500k to investment scam

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 17 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Malaysia News

Singapore,SCAMS

JOHOR BAHRU – A 64-year-old Singaporean engineer has reportedly lost RM1.9 million (S$580,000) to an online investment scam. Johor police chief M. Kumar revealed that the police were alerted to this case after receiving a report from the victim on Oct...

JOHOR BAHRU – A 64-year-old Singaporean engineer has reportedly lost RM1.9 million to an online investment scam.

He was then added to a WhatsApp group related to investments, where he received a briefing on the investment process. Between February and March 2024, he made online payments amounting to RM1,948,000 to a designated bank account in Malaysia. He realised he had been scammed when he could not withdraw the profits shown in the app.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singaporean engineer loses more than $500k to investment scam, say Johor copsThe victim chanced upon an investment advertisement on Facebook while in Singapore in December 2023.
Source: The Straits Times - 🏆 8. / 63 Read more »