News Formal

Jewellery shop clerk loses RM2.6mil to investment scam

  • 📰 staronline
  • ⏱ Reading Time:
  • 41 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 75%

Police News

Crime,Scam

BANGKOK: Thailand is grappling with a pressing gambling crisis, with nearly 5 million children and young people participating in various forms of gambling, according to health experts and academics speaking at a forum on Friday (Nov 29).

JOHOR BARU: A jewellery shop clerk lost RM2.6mil after falling for an online investment scam that she saw on social media, here.

“The victim first encountered an advertisement for an online investment scheme on social media at the end of August this year.“Shortly after, she was contacted by several individuals who explained the investment plan, which promised returns of up to 9% on the amount invested,” he said in a statement here on Sunday .“She then received a return of RM12,100, which further convinced her of the scheme’s legitimacy.

“However, no further returns were forthcoming. Instead, the victim was instructed to make additional payments in order to receive her profits and initial capital back,” said Comm Kumar. “The public is urged to verify investment opportunities with relevant agencies such as the Royal Malaysia Police, Bank Negara Malaysia, and the Securities Commission Malaysia before committing any funds.

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 SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Trader loses RM1.6mil to fake investment schemeYANGON: Thai authorities are reported to have arrested eight Myanmar nationals and a Thai truck driver over attempted human smuggling near the Thai-Myanmar border at 3pm on Saturday (Nov 16).
Source: staronline - 🏆 4. / 75 Read more »

Company, two directors charged with failing to pay RM1.6mil in service tax to Customs'Suria Cinta' recorded the highest gain in exclusive listeners among Malay-language radio stations, with an increase of 184,000 listeners.
Source: staronline - 🏆 4. / 75 Read more »