logo
Smallholder Loses Over RM239,000 To Non-existent Investment Scheme

Smallholder Loses Over RM239,000 To Non-existent Investment Scheme

Barnama4 hours ago

KUANTAN, June 25 (Bernama) -- A smallholder lost over RM239,000 after being deceived by a syndicate involved in a non-existent investment scheme.
Pahang police chief Datuk Seri Yahaya Othman said the 37-year-old man was initially introduced to the scheme via WhatsApp, with the so-called investment promising lucrative returns.
"The victim then made 41 transactions into 14 different bank accounts from March 22 to June 16, amounting to more than RM239,000 by using his savings and loans from his elder brother,' he said in a statement today.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kuantan High Court reverses acquittal of two friends in RM66,300 fraud case
Kuantan High Court reverses acquittal of two friends in RM66,300 fraud case

New Straits Times

time28 minutes ago

  • New Straits Times

Kuantan High Court reverses acquittal of two friends in RM66,300 fraud case

KUANTAN: The Kuantan High Court today overturned a Sessions Court decision that had acquitted and discharged two friends accused of deceiving a businessman out of RM66,300 some six years ago. The court upheld a 12-month jail sentence and RM5,000 fine, or six months' jail in default, against Rosli Awang Ngah, 62, a settler. Shahrul Azizul Musa, 44, and Muhammad Azman Zainal Hamzah, 36, were initially acquitted by the Sessions Court on Sept 13, 2023, while Rosli was convicted. High Court judge Datuk Mohd Radzi Harun allowed the prosecution's appeal against the acquittal of Shahrul Azizul and Azman, and dismissed Rosli's appeal against his sentencing. The three had previously been jointly charged with deceiving a 53-year-old man into surrendering RM66,300 as a deposit for leasing an oil palm plantation at Sungai Cherabang. They committed the offence between Feb 15 and June 19, 2019, through three transactions made to bank accounts belonging to Rosli and Shahrul Azizul in Kuala Lipis and Raub, respectively. The money was allegedly meant to help secure a deal with the authorities and government, leading the victim to hand over the cash. The charge was framed under Section 420 of the Penal Code, which carries a maximum penalty of 10 years' imprisonment, whipping, and a fine upon conviction. The prosecution was led by Malaysian Anti-Corruption Commission deputy public prosecutor Mohamad Fadhly Mohd Zamry, while the three were represented by Shamsul Akmar Yusof. In delivering the verdict, Radzi said the Sessions Court had erred in acquitting Shahrul Azizul and Azman. Fadhly urged the court to impose a deterrent sentence, citing the rise in fraud cases and emphasising that the verdict should serve as a lesson not only to the accused but also to the public. In mitigation, Shamsul Akmar pleaded for a minimum sentence, saying that the accused have families to support. Radzi sentenced Shahrul Azizul and Azman to 12 months in prison and one stroke of the rotan each, while Rosli's sentence of 12 months' imprisonment and a RM5,000 fine was upheld. He ordered the sentences to commence immediately and denied a stay of execution.

Father and son caught processing ecstacy worth over RM1mil in Muar
Father and son caught processing ecstacy worth over RM1mil in Muar

The Star

time37 minutes ago

  • The Star

Father and son caught processing ecstacy worth over RM1mil in Muar

MUAR: Police arrested a father-son duo and seized 6.38kg of ecstasy powder worth over RM1mil during a raid at a house in Bukit Treh last week. Muar OCPD Asst Comm Raiz Mukhliz Azman Aziz said the 49-year-old man and his 23-year-old son were caught in the act of allegedly processing the ecstasy powder by grinding it before packaging it into drink sachets. "The 4pm to 10pm raid led to the discovery of approximately 6,389g of ecstasy powder worth RM1.06mil, along with various tools used for processing and repackaging the drugs. "We also seized a car worth RM13,000 and a motorcycle valued at RM7,000, both believed to have been used in the drug distribution activities. "The total value of the drugs and seized vehicles amounts to RM1.08 million. Investigations revealed the suspects began engaging in these illegal activities in February this year," he said during a press conference at the Muar district police headquarters Wednesday (June 26). Raiz added that both suspects have prior drug-related criminal records, with the father having previously served a prison sentence. The case is being investigated under Sections 15(1)(a) and 39B of the Dangerous Drugs Act 1952. - Bernama

Finance officer loses RM4.17mil in online investment scam
Finance officer loses RM4.17mil in online investment scam

The Star

time37 minutes ago

  • The Star

Finance officer loses RM4.17mil in online investment scam

GEORGE TOWN: A 60-year-old finance officer lost RM4.17mil after falling victim to an online investment scam linked to a Facebook advertisement. State police chief Datuk Comm Hamzah Ahmad said in early March this year, the victim saw an advertisement for an investment under the name of KKR Investment on Facebook. "The victim clicked on the link in the advertisement and communicated with a woman via WhatsApp. The victim was then added to a WhatsApp group named 'Kumpulan Analysis Kewangan Saham Malaysia'," he said in a statement on Wednesday (June 25). Comm Hamzah said the investment promised lucrative returns based on the amount of capital invested within a short period. He added that the victim was interested in joining and was instructed to download an application called KKR INV through a provided link, register as a member, and make an investment. Between March 10 and June 13, the victim made 76 transactions into eight different company bank accounts, amounting to RM4.17mil. "The victim realised she had been duped when she could not withdraw from the application, which showed the profit she had earned," he said. The victim lodged a police report on June 24 at George Town police headquarters. Comm Hamzah said the case is being investigated under Section 420 of the Penal Code. He urged the public to be wary of online schemes offering high returns and to verify investment offers with legitimate authorities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store