Doctor in Pahang loses EPF savings to online scam promising fake Nikko Asset Management investment returns
Pahang police chief Datuk Seri Yahaya Othman said the victim was attracted by the advertisement and was later contacted by an individual posing as a representative of Nikko Asset Management, allegedly based in Singapore.
'The suspect promised returns of 80 to 128 per cent within a month. Convinced by the offer, the victim made 14 transfers into four different accounts between June 17 and August 6, using her Employees Provident Fund savings,' he said in a statement today.
Yahaya said the victim was then shown falsified profit statements through pictures sent by the suspect, indicating that her investment had grown to RM800,000, including the capital.
'The victim was subsequently asked to pay another RM152,725, supposedly for tax purposes, before she could withdraw the profits. She became suspicious and refused to comply,' he said.
According to Yahaya, checks revealed that Nikko Asset Management is a legitimate investment management company headquartered in Tokyo, Japan, with branches worldwide, but its name had been misused by scammers in this case.
The victim lodged a report at the Kuantan District Police Headquarters yesterday, and the case is being investigated under Section 420 of the Penal Code. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
5 minutes ago
- Malay Mail
Lawyers say mother of Zara Qairina not crowdfunding, legal team working pro bono in bullying trial
KUALA LUMPUR, Aug 21 — Lawyers acting for Noraidah Lamat, mother of the late Zara Qairina Mahathir, have dismissed viral allegations that she was seeking donations for herself or to cover legal expenses. In a joint statement, the legal team confirmed that while a bank account number circulated online had previously been used to receive public contributions following Zara's death, the collection was halted shortly after. 'We state that our client is not currently collecting any donations, whether for herself or to pay our legal fees,' the statement said. It also explained that any contributions would only be accepted directly by Noraidah in person or via authorised representatives from non-governmental organisations. The lawyers further clarified that they are representing Noraidah on a pro bono basis, meaning free of charge. The statement was jointly signed by lawyers Hamid Ismail, Shahlan Jufri, Rizwandean M Borhan, Mohd Luqman Syazwan Zabidi, Mohd Syarulnizam Mohd Salleh and Farrah Nasse. Yesterday, Datuk Ram Singh, the lawyer representing one of five teenagers charged in the bullying case also explained that the defence team is working pro bono. Five teenage girls were charged at the Children's Court in Kota Kinabalu with using abusive words against the late Form One student Zara Qairina last month. Deputy public prosecutor Nor Azizah Mohamad said that the charge against the five minors was for acting with common intention, allegedly uttered abusive words directed at Zara Qairina, which were heard by the victim and could have caused her distress. Sessions Judge Elsie Primus allowed bail of RM5,000 against the five minors in closed proceedings and set the pre-trial case management date to September 25 followed by October 16. The trial will be held on December 8 to 12, and December 15 to 19. The offence was allegedly committed at Block A-3-6 of the Rabiatul Adawiyah Dormitory at Sekolah Menengah Kebangsaan Agama Tun Datu Mustapha Limauan W.D.T 15, Papar, between 10pm and 11pm on July 15. The charge was framed under Section 507C(1) of the Penal Code, read together with Section 34, which carries a maximum jail term of one year, or a fine, or both upon conviction.
Malay Mail
5 minutes ago
- Malay Mail
Saifuddin: Charges in Zara Qairina's case are the first under Malaysia's new anti-bullying law
KUALA LUMPUR, Aug 21 — The case involving Form One student Zara Qairina Mahathir is the first to be prosecuted under Section 507C(1) of the Penal Code (Amendment) Act 2025, which stipulates bullying as a criminal offence, says Home Minister Datuk Seri Saifuddin Nasution Ismail. He said the amendment involving Sections 507B to 507G of the Penal Code strengthened the legal provisions against acts of bullying. Saifuddin Nasution said since the amendment to Section 507 of the Penal Code was enforced and gazetted on July 11, police had opened 11 investigation papers related to bullying. 'These investigation papers fall under Sections 507B, 507C and so on. This shows that the strengthening of the law has enabled the police to take action. 'Now, in the case of Zara, for example, in which the accused were charged today, it is under one of the amended sections, making this the first case we have prosecuted (since the amendment),' he said when winding up the debate on the 13th Malaysia Plan (13MP) for the Home Ministry in the Dewan Rakyat today. He was responding to a supplementary question from Syed Saddiq Syed Abdul Rahman (MUDA-Muar), who raised the issue of the police's allegedly slow response in investigating bullying cases, including a recent case in Johor. The Penal Code (Amendment) 2025 Act and the Criminal Procedure Code (Amendment) 2025 Act, aimed at addressing bullying more effectively and comprehensively, including cyberbullying, were passed in the Dewan Rakyat on Dec 10, 2024, and in the Dewan Negara on Dec 16 the same year. Earlier today, five teenage girls were charged in the Children's Court in Kota Kinabalu, Sabah, with using insulting words against Zara Qairina. The charges were framed under Section 507C(1) of the Penal Code, read together with Section 34 of the Code, which carries a penalty of up to one year's imprisonment, or a fine, or both, upon conviction. In line with this legal development, Saifuddin Nasution said the ministry wanted the police to act swiftly in investigating every reported case of bullying. At the same time, he reminded all parties not to play up sentiments or create inaccurate impressions as though there was an attempt to protect any individual or cover up matters. 'When I reviewed the chronology and sequence of the police investigation, with the large number of witness statements taken in detail, I also felt sad that, with all the police's diligence, simply because of one part where the police were said to have failed, (which was) to conduct a post-mortem. 'Aug 4 was the first time the police submitted the investigation papers to the AG (Attorney General), and on Aug 3, Zara's mother had lodged a police report after noticing bruises while bathing Zara's body. So at the same time, in the investigation papers submitted to the AG, we recommended that Zara's grave be exhumed,' he said. Zara Qairina died at Queen Elizabeth I Hospital on July 17, a day after being found unconscious in a drain near the hostel of Sekolah Menengah Kebangsaan Agama Tun Datu Mustapha di Papar. Meanwhile, apart from the Home Ministry, several other ministries also wound up debates on the 13MP motion for their respective ministries, including the National Unity Ministry. — Bernama
Free Malaysia Today
5 minutes ago
- Free Malaysia Today
Ringgit opens higher against major, regional currencies
KUALA LUMPUR : The ringgit opened higher on Thursday as the US dollar weakened following the release of the Federal Open Market Committee (FOMC) minutes, an analyst said. The local currency also strengthened against other major and regional units. At 8am, the ringgit rose to 4.2190/4.2335 from Wednesday's close of 4.2250/4.2290. The analyst said the US Dollar Index (DXY) slipped 0.05% to 98.218, as the FOMC minutes delivered mixed signals to investors. MORE TO COME
