NILAI, May 20 — An assistant manager at a private company lost RM163,500 after allegedly falling victim to a non-existent stock investment scheme promoted on social media in...
Nilai police chief Supt Johari Yahya said the local woman, in her early 40s, lodged a police report at 6.33pm yesterday after realising she was duped by the syndicate.
— Pexels pic! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. NILAI, May 20 — An assistant manager at a private company lost RM163,500 after allegedly falling victim to a non-existent stock investment scheme promoted on social media in March.
He said the victim, who lives in Kajang, told police she had been dealing with an unknown individual on Facebook who offered a stock investment scheme promising lucrative returns.
The victim was instructed to download an application known as “AB Limited” onto her mobile phone before making several fund transfers to bank accounts provided by the suspect.
“She realised she had been scammed after repeated attempts to withdraw the purported profits through the application failed,” he said in a statement here today. Johari said the case is being investigated under Section 420 of the Penal Code for cheating and efforts are underway to trace the suspect. He advised the public to verify investment offers with the relevant authorities before participating in any scheme and to refrain from sharing banking information with unknown individuals. — Bernama
Nilai Johari Yahya Stock Investment Scam AB Limited Section 420
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Frozen Meat Seized in Kajang Raid for Illegal Storage and SaleThe Bukit Aman internal security and public order department's wildlife crime control bureau conducted a series of raids in Kajang, seizing RM12.4mil worth of frozen meat involved in illegal storage, sale, and distribution of frozen food products in violation of the Animals Act 1953. Authorities detected immigration violations, violations related to halal certification and labeling, and unlicensed business activities.
Read more »
Cops bust RM12.4mil meat smuggling syndicate in KajangThey seize pork carcasses, chicken wings and duck meat believed to have been imported from China, Brazil and Argentina.
Read more »
Police seize 167 tonnes of frozen food in Kajang for crackdown on smuggling, halal fraudKUALA LUMPUR, May 18 — Police have crippled a major illegal frozen food syndicate in Kajang, seizing 167 tonnes of products worth RM12.4 million and arresting five...
Read more »
Assistant HR manager loses over RM163,000 in online investment scamAs Thailand pushes forward with its Land Bridge mega-project, critics question whether economic growth will come at the expense of nature and coastal communities.
Read more »