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Muar man loses RM111,000 to investment scam

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CIMB Bank Bhd has announced a new set of security features that will implemented by the end of June, including a new requirement that makes SecureTAC approval mandatory for all fund transfers.

MUAR: A 57-year-old man poured around RM111,000 of his savings into an investment scheme only to find out that he had been scammed.

The victim then followed the individual’s instructions by transferring money into five different bank accounts of companies starting March 19 until April 29.

 

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