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Trader loses RM1.2 million in scrap metal investment scam

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IPOH: A trader suffered losses amounting to nearly RM1.2 million after being deceived by an investment scam involving a scrap metal business since Aug...

: A trader suffered losses amounting to nearly RM1.2 million after being deceived by an investment scam involving a scrap metal business since August 2022.

“The suspect posed as an investment agent and persuaded the victim to invest in the business, promising a four per cent monthly return on the invested capital, with a full return on investment within 18 months.

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