Latest news with #PHGPLUS
The Sun
29-07-2025
- Business
- The Sun
Factory worker loses RM500k in online investment scam in Muar
MUAR: A 46-year-old factory worker lost nearly RM500,000 after falling victim to an online investment scam promising unrealistically high returns. The victim, who lodged a police report yesterday, was lured by an advertisement on social media in early May. Muar police chief ACP Raiz Mukhliz Azman Aziz said the victim clicked on a link and was later contacted via WhatsApp by an unknown individual. The scammer instructed him to download an app called 'PHG PLUS,' which guaranteed returns of 50% within a week and 500% in six months. 'Believing the promises, the victim deposited a total of RM488,740 into six different accounts through 39 transactions between May 21 and July 21, 2025,' Raiz Mukhliz said in a statement. The victim only realised he had been cheated when he tried to withdraw what was supposedly RM6 million in profits. He was then asked to pay an additional RM600,000 for 'income tax' before any withdrawal could be processed. The case is now being investigated under Section 420 of the Penal Code for cheating. Authorities urge the public to be cautious of online investment schemes offering unusually high returns. – Bernama
Malay Mail
29-07-2025
- Business
- Malay Mail
Muar man loses nearly RM490,000 in online stock scam promising 500pc returns
MUAR, July 29 — An employee of a furniture factory here claimed to have lost RM488,740 after being duped by an online stock investment fraud syndicate. Muar police chief ACP Raiz Mukhliz Azman Aziz said the 46-year-old victim, in his report lodged yesterday, claimed that he came across an advertisement for an investment on social media in early May and clicked on a link. 'He was then contacted by an unknown individual via the WhatsApp application and instructed to download an application known as 'PHG PLUS' for investment purposes that promised a lucrative return of up to 50 per cent of the investment amount within a week and 500 per cent within six months. 'Lured by the sweet promise, the victim deposited a total of RM488,740 into six different accounts, involving 39 transactions, from May 21 to July 21, 2025,' he said in a statement today. Raiz Mukhliz said the victim realised he had been cheated when, upon attempting to withdraw what was claimed to be RM6 million, he was asked to make an additional payment of RM600,000 for supposed income tax purposes. 'Realising it was a scam, the victim lodged a police report, and the case is now being investigated under Section 420 of the Penal Code,' he said. — Bernama
