JOHOR BARU: A 62-year-old hardware store owner has lost a total of RM3.4mil over a period of six years after falling victim to a"fixed savings" scam.
Comm Kumar said the victim handed over four banker's cheques and six cheques with a total value of RM3.4mil between April 3, 2019 and March 23, 2023, with the name resembling a local bank as the payee. "However, the victim smelt something fishy when he tried to withdraw some of his profits but was met with various excuses.
"All of the money he paid had been transferred to another individual's account," he said, adding that the victim lodged a police report on May 5."We would like to remind the public to follow the Commercial Crime Investigation Department's social media account so that they are aware of scam tactics.