Factory worker loses over RM87,000 to investment scam

  • 📰 staronline
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

JOHOR BAHRU: A factory worker has lost RM87,400.90 after being deceived by a non-existent investment scheme.

Iskandar Puteri district police chief ACP Rahmat Ariffin said the 40-year-old man claimed to have participated in a practical training camp on investment through a WhatsApp group last May 4 and joined an investment scheme.

He said a month after joining the scheme, the victim was told that his investment profit had increased by RM180,000 and then wanted to withdraw the profit, but was instructed to pay a tax of RM24,000.90 to be able to do so. "The victim made the payment and only realised he had been cheated when he was unable to contact the individual involved and found that had been removed from the Whatsapp group. He claimed to have lost a total of RM87,400.90, including in investment capital,” he said in a statement on Wednesday .

The police are investigating the case under Section 420 of the Penal Code, he said and advised the public to be wary of investment schemes that promise lucrative profits. - 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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

In Johor, factory worker loses more than RM87,000 to investment scamISKANDAR PUTERI, July 5 — A 41-year-old factory worker here suffered losses amounting to RM87,400 after he was allegedly scammed in a non-existent investment scheme that promised...
Source: malaymail - 🏆 1. / 86 Read more »

Factory worker duped of RM87,000 in investment scamISKANDAR PUTERI: A factory worker here has lost RM87,400.90 in an investment scam after joining a WhatsApp group in June last year.
Source: staronline - 🏆 4. / 75 Read more »