Latest news with #RM224
New Straits Times
6 days ago
- Business
- New Straits Times
Retired engineer loses over RM200,000 to investment scam
SIBU: A retired private-sector engineer from here lost RM224,403 in a month after falling victim to an online investment scam that falsely promised lucrative returns of up to RM750,000. Sibu police chief ACP Zulkipli Suhaili said the victim, a man in his 60s, only realised he had been scammed when he was asked to pay an additional RM100,700 as 'tax' to withdraw the supposed investment profits, which did not exist. He said the victim was initially drawn to the so-called investment offer, promoted as the 'Investment Stock Market' by a company named KKR Investment on Instagram on April 9. "Later, he received further explanation via WhatsApp from someone claiming to be a company representative. "If the victim agreed, he was required to download the KKR Investment app for registration purposes. "He was also informed that all accumulated profits could be viewed through the app," he said in a statement. Between April 9 and May 7, the victim made 11 money transfers totalling RM224,403 to four different local bank accounts. He then contacted the representative again when the investment app showed his profits had reached RM750,000. Zulkipli said that when the victim was asked to make an additional payment of RM100,700 as a tax to withdraw the funds, he began to suspect he was being scammed and subsequently filed a police report in Sibu on Tuesday. The case is being investigated under Section 420 of the Penal Code for cheating. Zulkipli advised the public to exercise caution and not be easily tempted by offers of high returns through online investment schemes. – Bernama
The Sun
6 days ago
- Business
- The Sun
Retired engineer loses over RM200,000 to investment scam
SIBU: A retired private-sector engineer from here lost RM224,403 in a month after falling victim to an online investment scam that falsely promised lucrative returns of up to RM750,000. Sibu police chief ACP Zulkipli Suhaili said the victim, a man in his 60s, only realised he had been scammed when he was asked to pay an additional RM100,700 as 'tax' to withdraw the supposed investment profits, which did not exist. He said the victim was initially drawn to the so-called investment offer, promoted as the 'Investment Stock Market' by a company named KKR Investment on Instagram on April 9. Later, he received further explanation via WhatsApp from someone claiming to be a company representative. 'If the victim agreed, he was required to download the KKR Investment app for registration purposes. He was also informed that all accumulated profits could be viewed through the app,' he said in a statement. Between April 9 and May 7, the victim made 11 money transfers totalling RM224,403 to four different local bank accounts. He then contacted the representative again when the investment app showed his profits had reached RM750,000. Zulkipli said that when the victim was asked to make an additional payment of RM100,700 as a tax to withdraw the funds, he began to suspect he was being scammed and subsequently filed a police report in Sibu on Tuesday. The case is being investigated under Section 420 of the Penal Code for cheating. Zulkipli advised the public to exercise caution and not be easily tempted by offers of high returns through online investment schemes.
Barnama
6 days ago
- Business
- Barnama
Retired Engineer Loses Over RM200,000 To Investment Scam
SIBU, May 28 (Bernama) -- A retired private-sector engineer from here lost RM224,403 in a month after falling victim to an online investment scam that falsely promised lucrative returns of up to RM750,000. Sibu police chief ACP Zulkipli Suhaili said the victim, a man in his 60s, only realised he had been scammed when he was asked to pay an additional RM100,700 as 'tax' to withdraw the supposed investment profits, which did not exist. He said the victim was initially drawn to the so-called investment offer, promoted as the 'Investment Stock Market' by a company named KKR Investment on Instagram on April 9. Later, he received further explanation via WhatsApp from someone claiming to be a company representative.
Borneo Post
6 days ago
- Business
- Borneo Post
Retired Sibu engineer poorer by RM220,000 after falling for bogus online investment scheme
ACP Zulkifli says the victim first encountered the scheme on Instagram on April 9 this year, before being contacted via WhatsApp by two individuals claiming to be company representatives. — Bernama photo SIBU (May 28): A retired engineer here reported a loss of over RM220,000 after falling for a non-existent online investment scheme. Sibu police chief ACP Zulkifli Suhaili said the 60-something victim first encountered the scheme on Instagram on April 9 this year, before being contacted via WhatsApp by two individuals claiming to be company representatives. 'The scammers convinced the victim to download the 'KKR Investment' mobile app, claiming it would allow him to monitor his stock portfolio and accumulated profits. 'Convinced of the scheme's legitimacy, the victim transferred a total of RM224,403 in 11 transactions to four different local bank accounts between April 9 and May 7 as his investment,' he said in a statement. He said the suspects later informed the victim that his investment had generated a profit of RM750,000 but that he would need to pay a 'tax' of RM100,700 to withdraw the returns. Suspecting he had been scammed, the victim refused to make payment and lodged a police report. Zulkipli reminded the public to stay vigilant and not to believe investment offers that promise unrealistically high returns. engineer investment scam Sibu Whatsapp
