Seremban man lost RM1.3mil in savings and money of his firm to investment scam

SEREMBAN – An online investment fraud cost a company director not only his own savings, but also the money of his firm. The total was RM1.3mil.

Asst Comm Mohamad Hasta Chedin, OCPD Seremban said that the victim of 45 years old lodged a complaint on Monday (June 11,) after learning he was conned.

“The victim began to have problems when he started communicating with a random person on WhatsApp.

In a statement released on Wednesday (12 June), he stated that the victim had transferred money to 16 different accounts after being convinced to invest online.

ACP Mohamadhatta stated that the victim had transferred the money in a period of a month. The first transfer was made on 29 April.

The case was investigated under Section 420 (cheating) of the Penal Code, which carries a prison term between one and ten years, whipping, and a fine if convicted.

ACP Mohamad Hasta warned the public not to rush into investing in online schemes.

He urged people to contact the police and the CCID Scam Response Centre by calling 03-2610-1559 or 03-2610-1599.

Since the start of the year, the Seremban District Police have opened 55 investigations related to these cases.

He said that the losses totaled almost RM4.38mil.

He added that 23 people had been arrested for cheating offenses and were charged in court by the police so far this calendar year.

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