News Formal

Logging company manager loses RM238,000 to timber trading scam

  • 📰 staronline
  • ⏱ Reading Time:
  • 30 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 75%

#Jangankenascam News

Police,Cheat,Timber

TikTok will be increasing seller transaction and commission fees across all product categories on its built-in ecommerce shopping platform starting from Sept 5.

KUALA TERENGGANU: A logging company manager was cheated of RM238,000 by two men who had been involved in timber trading for the past two years.

According to ACP Azli, the suspects claimed that the sale was authorised by Felcra Berhad, which had allegedly agreed to the sale and purchase of the remaining timber in a designated area. The suspects then offered the victim the option to make payments in instalments. The victim subsequently transferred RM238,000 into separate accounts belonging to the two suspects," he added when contacted on Thursday .

However, in 2023, the Terengganu Forestry Department informed the victim that the confirmation letter, allegedly issued by Felcra Berhad, was counterfeit.

 

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

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Logging company manager loses RM238,000 to timber trading scamKUALA TERENGGANU: A logging company manager was cheated of RM238,000 by two men who had been involved in timber trading for the past two years. Kuala ...
Source: theSundaily - 🏆 25. / 51 Read more »