Company director loses RM1.4 million to fake investment syndicate
IPOH: A company director lost RM1.4 million after being duped by a syndicate offering fake investment trading partnerships.
The ordeal began when the 75-year-old man received a call from a woman on April 15, offering him a partnership in a company to purchase goods from another company based overseas.
After verifying that the company had been operating since 1989, the man agreed to the offer. He was then asked to download an app linked to the company, which purportedly sold luxury goods.
Perak police chief Datuk Noor Hisam Nordin said the man was told he would earn a 30 per cent commission if customers bought the goods, but he had to pay for the items himself.
"The man paid a deposit of RM22,122 via a cash deposit machine into a company bank account.
"Believing in the promised returns, the complainant went on to transfer a total of RM1.47 million into six different company bank accounts via online transfers and by visiting bank counters," he said in a statement tonight.
Noor Hisam said the victim only realised he had been scammed when he received no returns on the funds transferred between April 17 and May 16.
He lodged a police report last Sunday.
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