Police said aprivate company owner lost RM181,050.09 after he was duped by a foreign exchange syndicate when buying Chinese renminbi recently. ― Picture by Hari Anggara
Seberang Perai Utara district police chief ACP Noorzainy Mohd Noor said the 42-year-old man had asked his friend’s assistance to find an agent selling the CNY currency as he needed to purchase raw materials from China. Noorzainy added that the company owner later directed his staff to transfer RM181,050.09 to a local bank account provided by the agent.
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