Latest news with #750
Sinar Daily
2 days ago
- Business
- Sinar Daily
Businessman loses over RM1 million to fake online investment scheme
He was attracted to invest after being promised high returns. 22 Jul 2025 08:51am Photo for illustration purpose only - 123RF photo SEREMBAN - A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man, in his 50s, at 4.22pm yesterday at the Pantai police station. "The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. "He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Photo for illustrative purposes only. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. - BERNAMA
The Star
2 days ago
- The Star
Businessman loses over RM1mil to online investment scam
SEREMBAN: A businessman suffered losses of over RM1mil after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man in his 50s, at 4.22pm on Monday (July 21) at the Pantai police station. "The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. "He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. - Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
Nilai businessman loses RM1.5 million in fake investment scam
NILAI: A businessman in his early 50s lost over RM1.5 million after falling for a fake investment scheme promoted through social media. Nilai police chief Superintendent Abdul Malik Hasim said the victim met the scammer on Facebook in April and was lured by promises of high returns. "The businessman lodged a police report at the Pantai police station about 4.20pm yesterday, stating that he began dealing with the individual offering the online investment scheme on April 29," he said in a statement today. The victim was instructed to download a mobile application called 'CDT MAX' and make 15 transactions totalling RM1,449,750 to seven different bank accounts for the so-called investment. He only realised he had been scammed when he was asked to make further payments to withdraw the supposed profits. The case is being investigated under Section 420 of the Penal Code for cheating, and efforts are underway to track down the suspect. Police urge the public to verify any investment offers with authorities and never share bank details with unknown individuals.
The Sun
2 days ago
- Business
- The Sun
Businessman loses RM1 million in online investment scam in Seremban
SEREMBAN: A businessman lost more than RM1 million after being deceived by a fraudulent online investment scheme earlier this year. The victim, a man in his 50s, reported the incident to the Nilai police yesterday. Nilai police chief Supt Abdul Malik Hasim confirmed that the victim was lured into the scheme on April 29 after being promised high returns. 'The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns,' he said. The scammer instructed the businessman to download a mobile app called 'CDT MAX' and transfer money into seven different bank accounts. Over 15 transactions, the victim lost a total of RM1,449,750. Abdul Malik added that the victim only realised he had been scammed when asked for additional payments to withdraw his supposed profits. Police are now investigating the case under Section 420 of the Penal Code for cheating. - Bernama
Barnama
2 days ago
- Business
- Barnama
Businessman Loses Over RM1 Million To Online Investment Scam
SEREMBAN, July 22 (Bernama) -- A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man, in his 50s, at 4.22 pm yesterday at the Pantai police station. 'The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. 'He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. -- BERNAMA
