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Manager duped of RM150k by business partner

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KUANTAN (Bernama): A manager’s intention to help a business associate proved to be regrettable move, when he was tricked into parting with his savings of RM150,000 to a non-existent investment venture.

Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Mohd Yusof said the 42-year-old man claimed that his business partner had asked him to invest in a company that supplied construction tools and building materials.

"The victim agreed to invest with a sum of RM150,000 which was paid in June and claimed that the suspect did not give any response when asked about the investment. Mohd Wazir said the man lodged a report on the case at the Kuantan District Police headquarters here on Wednesday . The 38-year-old from Kuantan claimed to have received a phone call on Wednesday afternoon, allegedly from the Kangar High Court, Perlis saying he was involved in an investigation into a road accident in Arau.

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