Singaporean engineer loses RM1.9mil in investment scam, say Johor cops

📆 10/18/2024 8:45 PM
📰 staronline

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MANILA: Vice President Sara Duterte on Friday (Oct 18) downplayed the multimillion “safe house” rentals paid for by her office’s confidential funds for 11 days in 2022, saying they were not unusual expenditures by government.

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The victim encountered an investment advertisement on Facebook while in Singapore in December 2023 and clicked on the link for further information. Comm Kumar explained that, lured by these potential profits, the victim followed the suspect’s instructions to download an application for registration and to monitor his investment's status and gains.

Additionally, he was asked to make further payments, including taxes, to recover his invested capital, while efforts to contact the suspect failed.Offenders convicted under Section 420 may face imprisonment of no less than one year and up to ten years, with whipping, and may also be fined."We remind the public to be cautious of online investment schemes offering high returns.

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Lawyer duped me of RM1.9mil, says company directorPETALING JAYA: Poh Kong Holdings Bhd saw its net profit for its fourth quarter ended July 31 (4Q24) increase by more than fourfold year-on-year (y-o-y) to RM22mil, as revenue also grew 8.5% to RM342.5mil.
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