Gold trader faked robbery to make RM1 mil insurance claim, say cops

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Gold trader faked robbery to make RM1 mil insurance claim, say cops
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Police say the 26-year-old man hired an 'adviser' to hatch up cash and gems grab at petrol station. FMTNews GoldTrader

The owner of a Johor gold trading company says he lost cash and jewellery worth more than RM1 million to a motorcyclist at a petrol station.

Police said the 26-year-old trader claimed a masked robber had got away with a bag containing RM418,000 and 2.8kg of gold and jewellery worth RM601,647 from the back seat of his Mercedes at a petrol station in Bandar Perda at 3.50pm on Saturday. The trader claimed they had stopped at the petrol station after a business transaction at a jewellery shop nearby.

He said his officers thought something was amiss as they could not see any man entering the back seat, as alleged by the trader.

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