Latest news with #RM147
Borneo Post
4 days ago
- Politics
- Borneo Post
Rep distributes RM147,000 in MRP grants to Bawang Assan NGOs
Wong (seated front, centre) poses with the guests and the MRP grant recipients. SIBU (June 7): Bawang Assan assemblyman Dato Sri Wong Soon Koh has distributed RM147,000 in Minor Rural Project (MRP) grants to 14 recipients, comprising non-governmental organisations (NGOs) and associations within the Bawang Assan state constituency. This marks the first group of recipients to receive allocations for the year through the Bawang Assan Progressive Democratic Party (PDP) Service Centre. 'We have over 100 recipients in total, with an overall allocation of RM2 million. The remaining grants will be distributed next week,' said Wong. He noted that the allocation is part of his ongoing effort to support community-based initiatives and welfare programmes, and that recipients who did not receive funds in this round may reapply in subsequent phases. Wong, who also serves as PDP senior vice president, stated that he receives an annual allocation of RM8 million from the Sarawak government for development and welfare initiatives in his constituency. This includes RM2 million under the Minor Rural Project (MRP), RM5 million for the Rural Transformation Programme (RTP), and RM1 million for the Sarawak Poor Housing Improvement Programme (PPRMS). He added that Bawang Assan is home to approximately 30,000 voters, with a demographic breakdown of 54 per cent Chinese and 46 per cent Bumiputera, of which around 45 per cent are Iban. 'We will do our best to be fair. Every year, we ensure these allocations reach those in need,' he emphasised. Also present at the presentation ceremony were Joshua Ting, a political secretary to the Sarawak Premier, and Councillor Wong Hua, chairman of Bawang Assan PDP. bawang assan MRP grants ngos wong soon koh
Barnama
24-05-2025
- Business
- Barnama
Financial Analyst Deceived Into Investing In Non-Existent Scheme, Loses Nearly RM150,000
KUALA TERENGGANU, May 24 (Bernama) -- A financial analyst was left devastated after losing his savings of RM147,350 to a fraudulent investment syndicate operating through a non-existent scheme. Kuala Terengganu police chief ACP Azli Mohd Noor said it in February when the 42-year-old victim came across a stock investment advertisement on the social media platform Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. "One of the group members claimed to be an employee of a securities and investment company based in China. The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. "The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales," Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. "The victim lodged a police report at 7.36 pm yesterday after failing to see any returns from the investment to date. The case is being investigated under Section 420 of the Penal Code for cheating," he added. -- BERNAMA
The Sun
24-05-2025
- Business
- The Sun
Financial analyst deceived into investing in non-existent scheme
KUALA TERENGGANU: A financial analyst was left devastated after losing his savings of RM147,350 to a fraudulent investment syndicate operating through a non-existent scheme. Kuala Terengganu police chief ACP Azli Mohd Noor said it in February when the 42-year-old victim came across a stock investment advertisement on the social media platform Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. 'One of the group members claimed to be an employee of a securities and investment company based in China. The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. 'The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales,' Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. 'The victim lodged a police report at 7.36 pm yesterday after failing to see any returns from the investment to date. The case is being investigated under Section 420 of the Penal Code for cheating,' he added.
The Sun
24-05-2025
- Business
- The Sun
Financial analyst deceived into investing in non-existent scheme, loses nearly RM150,000
KUALA TERENGGANU: A financial analyst was left devastated after losing his savings of RM147,350 to a fraudulent investment syndicate operating through a non-existent scheme. Kuala Terengganu police chief ACP Azli Mohd Noor said it in February when the 42-year-old victim came across a stock investment advertisement on the social media platform Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. 'One of the group members claimed to be an employee of a securities and investment company based in China. The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. 'The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales,' Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. 'The victim lodged a police report at 7.36 pm yesterday after failing to see any returns from the investment to date. The case is being investigated under Section 420 of the Penal Code for cheating,' he added.
New Straits Times
24-05-2025
- Business
- New Straits Times
Financial analyst loses nearly RM150,000 to fake investment scheme
KUALA TERENGGANU: A financial analyst lost his savings of RM147,350 to a fraudulent investment syndicate running a non-existent scheme promoted on social media. Kuala Terengganu police chief Assistant Commissioner Azli Mohd Noor said the incident began in February when the 42-year-old victim came across a stock investment advertisement on Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. "One of the group members claimed to be an employee of a securities and investment company based in China. "The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. "The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales," Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. "The victim lodged a police report at 7.36pm yesterday after failing to see any returns from the investment to date. "The case is being investigated under Section 420 of the Penal Code for cheating," he added. — BERNAMA
