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New Straits Times
2 days ago
- Business
- New Straits Times
MARKET PULSE AM AUG 15, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia began the day on a weaker note, following Wall Street's mixed overnight performance and ahead of the release of second quarter GDP figures. The benchmark index is anticipated to move between the 1,575 to 1,585 range. Newly listed ACE Market counter Oxford Innotech was among the most actively traded stocks in early dealings, with about 5.8 million shares changing hands. The counter opened one per cent higher, rising half a sen to 41.5 sen. In the cryptocurrency market, Bitcoin was hovering near the RM500,000 level at RM503,608, while Ethereum stood at RM19,532. That's it for Market Pulse.
The Sun
06-06-2025
- Business
- The Sun
Engineer loses over RM1.5m to online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad sad the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. 'In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called Menurut mangsa, pada November tahun lepas lelaki tersebut telah berkenalan dengan seorang wanita melalui teGoldenCrimson that offered handsome returns. 'The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611,' he said in a statement tonight. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code.
The Sun
06-06-2025
- Business
- The Sun
Engineer loses RM1.5m in online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad sad the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. 'In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called Menurut mangsa, pada November tahun lepas lelaki tersebut telah berkenalan dengan seorang wanita melalui teGoldenCrimson that offered handsome returns. 'The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611,' he said in a statement tonight. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code.
The Star
06-06-2025
- Business
- The Star
Engineer loses over RM1.5mil to online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5mil to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad said the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. "In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called GoldenCrimson that offered handsome returns. "The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611," he said in a statement on Friday (June 6) night. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code. - Bernama
New Straits Times
06-06-2025
- Business
- New Straits Times
Engineer duped of over RM1.5m in online investment scam
GEORGE TOWN: A 40-year-old engineer working in the Middle East has lodged a police report after allegedly losing more than RM1.5 million to an online investment scam. Seberang Prai Tengah district police chief Datuk Hamzah Ahmad said the man claimed he was cheated in a non-existent investment scheme, resulting in total losses of RM1,532,563. According to Hamzah, the victim's ordeal began in November last year, when he became acquainted with a woman over the phone and later developed a romantic relationship with her. "The suspect then persuaded the victim to join an investment platform called GoldenCrimson, which offered various packages — Junior Room, Intermediate Room, Superior Room, and Supreme Room — with returns depending on the package selected. "The victim was given a customer service number and a website link, to register," he said in a statement today. Hamzah said the victim initially invested RM90,510 and received returns amounting to RM108,611. "Believing the investment was profitable, the victim proceeded to make 103 transactions into 31 different accounts between Dec 2 last year and Mar 8 this year, totalling RM1,532,563. "He realised he had been scammed when he was unable to withdraw the supposed profits of RM4,131,671 via the application. The suspect even asked for additional capital contributions to facilitate the withdrawal," he added. The case is being investigated under Section 420 of the Penal Code for fraud. Hamzah urged the public to be cautious and not fall for investment offers not recognised by authorities such as Bank Negara Malaysia, the Securities Commission Malaysia, and the Companies Commission of Malaysia. He advised the public to verify the legitimacy of such schemes with relevant agencies or consult the nearest police station before committing to any investment, especially those offered online.
