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Company exec loses RM1.3mil in Macau Scam

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KUALA LUMPUR (Bernama): An executive suffered losses amounting to RM1.3mil after being cheated by a man claiming he was an officer with the Inland Revenue Board (LHDN).

The “officer” claimed the victim has a company registered in his name apart from having tax arrears amounting to RM17,600.

He said in the incident last Sunday, the victim claimed he was asked to disclose personal account information and submit a one-time password so that the money could be transferred to a “Bank Negara” account. "The victim checked with the IRB and found that no investigation was carried out on him. He then lodged a police report. The case is being investigated under Section 420 of the Penal Code for cheating," he said when contacted Wednesday .

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This is not stupidity, not ignorance. It is simply greed.

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