Company owner loses RM181,050 in forex scam

  • 📰 staronline
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

KEPALA BATAS (Bernama): A private company owner lost RM181,050 after he was duped by a foreign exchange syndicate when buying Chinese Renminbi recently.

Seberang Perai Utara district police chief ACP Noorzainy Mohd Noor said the 42-year-old man had asked his friend to help him find an agent selling the currency as he needed to purchase raw materials from China.

"He managed to get in contact with an agent and discussed the matter only over the phone before deciding to proceed with buying the currency this week, ” he said in a statement today. Noorzainy added that the company owner later directed his staff to transfer RM181,050.09 to a local bank account provided by the agent.

However, the victim was unable to contact the suspect to confirm the transaction and asked his staff to lodge a police report, he said. "The police are tracking down the suspect as well as the owner of the bank account used in the transaction. The case is investigated under Section 420 of the Penal Code for cheating, ” he said. - Bernama

 

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 İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Police: Company owner in Penang loses RM181,050 in forex scam | Malay MailKEPALA BATAS, Aug 23 — A private company owner lost RM181,050.09 after he was duped by a foreign exchange syndicate when buying Chinese renminbi (CNY) recently. Seberang Perai Utara district police chief ACP Noorzainy Mohd Noor said the 42-year-old man had asked his friend’s assistance to find...
Source: malaymail - 🏆 1. / 86 Read more »