Johor manager loses RM260k in WhatsApp investment scam
Seri Alam police chief Supt Mohd Sohaimi Ishak said the scam began in April when the victim saw an investment ad on WhatsApp promising quick profits. 'The victim made 16 transactions into two bank accounts between April 25 and July 4, totalling RM262,669,' he said.
The scam escalated when the victim was asked for additional payments to withdraw profits, but no returns were given. After failed attempts to recover his money, he lodged a police report.
Initial checks by the Commercial Crime Investigation Department (CCID) revealed one bank account was linked to a prior investment fraud case. Investigations are ongoing under Section 420 of the Penal Code for fraud.
Mohd Sohaimi urged the public to verify investment schemes via the Securities Commission Malaysia and Semak Mule portal. 'Be wary of unrealistic returns and never share banking details,' he said.
Victims of fraud should contact the National Scam Response Centre (NSRC) at 997 immediately to halt transactions. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Borneo Post
7 hours ago
- Borneo Post
RM13 million agriculture, livestock projects launched to boost food security
Arthur (centre) with the MoU signatories. KOTA KINABALU (Aug 1): The signing of three Memorandums of Understanding (MoUs) between various parties here today marks the launch of agriculture and livestock projects worth RM13 million, aimed at enhancing sector growth and strengthening the country's food security. The first MoU, between the Farmers' Organization Authority (LPP) and Desa Keningau Livestock Industries Sdn Bhd (DKLI), involves a project to boost local grain corn production through a corporate approach and transfer of technology (ToT). Under the five-year partnership, LPP will provide land development and machinery support using a matching grant of RM3 million, while DKLI will oversee planting, planning and implementation. The second MoU, between the Keningau Area Farmers' Organisation (PPK) and Absolute Moringa Sdn Bhd, focuses on a RM10 million agricultural input marketing initiative. This collaboration aims to enhance PPK's services in Sabah by supplying higher-quality agricultural inputs to increase yields and improve business operations. Meanwhile, the third MoU was signed between LPP and Sawit Kinabalu Farm Products Sdn Bhd (SKFP) for a ToT-based integrated cattle breeding project. SKFP will serve as a reference model and provide technical expertise, while LPP coordinates implementation at the Farmers' Organization level. Deputy Agriculture and Food Security Minister Datuk Seri Arthur Joseph Kurup, who witnessed the exchange, said the initiatives would reduce Malaysia's dependence on imported products such as grain corn. He said the projects are expected to expand accessibility for breeders and lower food prices, especially for livestock. 'This collaboration between the government and private sector is crucial to ensure the economic benefits reach local communities,' he said. Arthur also praised the initiative for supporting Malaysia's target of achieving 50 percent self-sufficiency in the ruminant industry by 2030, up from the current 16 percent.
Sinar Daily
7 hours ago
- Sinar Daily
Man found dead near railway tracks was strangled
The man's body was discovered by a member of the public with his hands and feet bound and his head wrapped in cloth and secured with black and white tape. 01 Aug 2025 08:33pm A post-mortem on the body of a man found near the railway tracks in Sungai Serian, Kalumpang, Hulu Selangor yesterday confirmed that the victim died from strangulation using a rope. KUALA LUMPUR - A post-mortem on the body of a man found near the railway tracks in Sungai Serian, Kalumpang, Hulu Selangor yesterday confirmed that the victim died from strangulation using a rope. Hulu Selangor district police chief Supt Ibrahim Husin said the victim's identity has yet to be determined, and the case is being investigated under Section 302 of the Penal Code for murder. "There were strangulation marks on the victim's neck, believed to have been caused by a rope. The marks are suspected to match the rope (resembling a chain) worn around the victim's neck,' he said in a statement today. The man's body was discovered by a member of the public at around 10.30 am yesterday, with his hands and feet bound, and his head wrapped in cloth and secured with black and white tape. According to Ibrahim, preliminary investigations suggest the body was likely thrown off the Kampung Sungai Serian bridge, which is 11.15 metres high. Checks also revealed that the victim had been dead for more than four days, and no identification documents were found on him. Members of the public with information are urged to contact investigating officer Insp Mohamad Fadli Abdul Aziz at 03-6064 1222 or the nearest police station. - BERNAMA Kampung Sungai Serian bridge
New Straits Times
8 hours ago
- New Straits Times
Inari, Sanan jointly acquire Lumileds International for RM1.03bil
KUALA LUMPUR: Inari Amertron Bhd and Sanan Optoelectronics Co Ltd have jointly acquired 100 per cent equity interest in Lumileds Holding BV (Lumileds International) and its 11 Asian and European subsidiary companies for an enterprise value of US$239 million or equivalent to RM1.03 billion. Inari said in a filing with Bursa Malaysia that the company together with Sanan today entered into a share purchase agreement (SPA) with Dutch-based Lumileds Subholding BV for the proposed acquisition. Lumileds International was incorporated on Oct 30, 2014 in Amsterdam, the Netherlands and is a globally recognised leader in the LED industry, specialising in the production and sales of mid-to-high-end LED products. "The proposed joint acquisition will strengthen Inari group's existing captive business strategy while enabling the company to expand and enhance its current product portfolio. "This strategic move will allow Inari group to diversify its product offerings and customer base, thereby creating additional revenue and earnings streams," it said. Inari had also entered into collaboration agreement (CA) and shareholders' agreement (SHA) with Sanan for the purpose of regulating the respective rights and obligations in Lumileds International and the relationship with one another upon completion of the proposed joint acquisition. It said a special purpose vehicle will be incorporated in Hong Kong (HK SPV) and co-owned by Sanan (74.5 per cent) and Inari (25.5 per cent), either directly or indirectly through their respective wholly owned subsidiaries, and the HK SPV will undertake the proposed joint acquisition. In addition to the capital contribution towards the payment of the enterprise value, Inari and Sanan have agreed to inject a further estimated US$41 million (RM176.3 million) into HK SPV and/or Lumileds International for working capital purposes. This brings the total investment outlay for the proposed joint acquisition and estimated working capital to US$280 million (RM1.2 billion).
