Police red-flag: Fake MIDF investment, RM2 mln scammed so far

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KUALA LUMPUR: Police have detected the existence of a fraudulent ‘MIDF Investment’ using Facebook which promises profits within three to six hours. Bu...

Bukit Aman’s Commercial Crime Investigation Department director, Datuk Seri Ramli Mohamed Yoosuf. - BERNAMAPIX: Police have detected the existence of a fraudulent ‘MIDF Investment’ using Facebook which promises profits within three to six hours.

“Investment money is paid through a private bank account believed to be a mule account. This syndicate also uses the logo of Malaysian Industrial Development Finance Berhad , a company owned by Malaysia Building Society Berhad to scam victims. He said the case was being investigated under Section 420 of the Penal Code and reminded the public to be vigilant and carry out more detailed checks before participating in any investment scheme, notably one that promises too much profit.

 

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