Latest news with #RM6.7
Malaysiakini
2 days ago
- Malaysiakini
Bitter brew: Cops say sue over RM6.7m coffee machine scam
After the Deputy Public Prosecutor's Office determined that no fraud-related charges could be pursued, Selangor police are now advising complainants in the coffee vending machine investment scheme to seek civil recourse instead. According to Bernama, the police received 101 reports related to the vending machine investment fraud, involving total losses amounting to RM6.7 million, from January to April this year. State police chief Hussein Omar Khan said...
Daily Express
2 days ago
- Business
- Daily Express
No further action after RM6.7 million lost to coffee vending machine investment scheme
Published on: Thursday, June 05, 2025 Published on: Thu, Jun 05, 2025 By: FMT Reporters Text Size: Selangor police chief Hussein Omar Khan said the deputy public prosecutor's office decided that no charges for fraud-related offences would be filed. PETALING JAYA: Investigations into a coffee vending machine investment scheme that purportedly led to investors losing some RM6.7 million has been classified by prosecutors as requiring no further action (NFA). Selangor police chief Hussein Omar Khan said 101 reports had been lodged over the scheme from January to April, with complainants saying they lost a total of RM6.7 million. He said the victims were given detailed explanations and representations about the investment scheme, with the promise of high returns, Bernama reported. They then joined the scheme and made payments to the bank accounts with which they were provided. 'The victims were unsure whether the investment was legitimate. Initially, they received some returns, but over time, the payments stopped,' said Hussein. While the cases were probed for cheating under Section 420 of the Penal Code, the deputy public prosecutor's office eventually decided that no charges for fraud-related offences would be filed. Hussein advised the complainants to pursue civil action, particularly to contest any breach of the agreement they had signed and to recover their investments. He urged the public to be wary of investment schemes that promise quick profits. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysiakini
2 days ago
- Malaysiakini
Bitter brew: Cops say sue over RM6.7m coffee machine scam
After the Deputy Public Prosecutor's Office determined that no fraud-related charges could be pursued, Selangor police are now advising complainants in the coffee vending machine investment scheme to seek civil recourse instead. According to Bernama, the police received 101 reports related to the vending machine investment fraud, involving total losses amounting to RM6.7 million, from January to April this year. State police chief Hussein Omar Khan said...
New Straits Times
2 days ago
- New Straits Times
More than 100 police reports lodged over alleged coffee vending machine investment scam
KUALA LUMPUR: Selangor police have received 101 reports over an alleged investment scam involving coffee vending machines. State police chief Datuk Hussein Omar Khan said the scam had resulted in losses totalling RM6.7 million between January and April this year. He said 10 investigation papers have been opened under Section 420 of the Penal Code for cheating, while the remaining 91 reports have been linked with existing investigations under the same section. "Investigations revealed that victims were given explanations and representations regarding a self-service vending machine investment offered by the suspects. "The investment was based on the purchase of vending machines with promises of high returns," he said in a statement today. He said the victims, convinced by the explanations, deposited payments into accounts provided by the suspects. "The victims were unaware whether the investment existed, as initially, some victims received returns, but over time, no further payments were made," he said. Hussein said the completed investigation papers were submitted to the deputy public prosecutor's office, which decided that no criminal charges would be pursued under fraud provisions. He said the investors were advised to pursue civil action against the companies for breach of contract to recover their funds. Police have urged the public to be cautious of investment schemes that promise unrealistic profits, particularly those made through financial or investment applications not approved by Bank Negara Malaysia or the Securities Commission. Members of the public who suspect any suspicious calls or investments are encouraged to contact the National Scam Response Centre.
The Sun
2 days ago
- The Sun
RM6.7 million lost in Selangor coffee vending machine investment fraud
SHAH ALAM: Selangor police have received 101 reports related to coffee vending machine investment fraud cases, involving total losses amounting to RM6.7 million, from January to April this year. State police chief Datuk Hussein Omar Khan said initial investigations found that the victims were enticed by detailed explanations and representations about the vending machine investment offered by the suspect, which allegedly promised high returns. He said those who were convinced by the scheme proceeded to join the investment programme and made payments into bank accounts provided by the suspect. 'The victims were unsure whether the investment was legitimate. Initially, they received some returns, but over time, the payments stopped,' he said in a statement today. The cases were being investigated under Section 420 of the Penal Code for cheating. Hussein said the investigation papers had been referred to the Deputy Public Prosecutor's Office, which decided that no charges would be filed under fraud-related offences. In light of this, he advised the complainants to pursue civil action to contest any breach of the contract agreement signed with the investment company and to recover their investments. He also reminded the public to be cautious of investment schemes promising unrealistic returns, especially those promoted through financial apps or platforms not approved by Bank Negara Malaysia or the Securities Commission Malaysia. For verification, advice, or to lodge a complaint, the public can contact the National Scam Response Centre (NSRC) at 997.
