Latest news with #Raiz
New Straits Times
19 hours ago
- New Straits Times
Midnight riot near Muar surau over gambling loss leaves four injured, four arrested
MUAR: A violent riot believed to have stemmed from a gambling dispute erupted in the early hours this morning near a surau in Taman Sakeh, leaving four men hospitalised and four others in custody. The melee, involving an estimated 20 individuals, broke out around 12.50am and quickly escalated into a weapon-wielding clash that shocked residents along Jalan Sakeh. Initial investigations revealed the fight was triggered by dissatisfaction over a bet gone sour. District police chief Assistant Commissioner Raiz Mukhlis Aziz Azman said the suspects turned aggressive after losing a wager during an illegal gambling session, which led to a brutal confrontation. "Four individuals have been arrested, while four others sustained serious injuries and are currently receiving treatment at a nearby hospital. The remaining suspects are still at large," he said in a statement today. Police have classified the case under Section 148 of the Penal Code for rioting with weapons, along with Sections 326 and 307 for causing grievous hurt and attempted murder, respectively. Raiz said efforts to trace and apprehend the remaining suspects are ongoing and urged anyone with information to contact investigation officer Inspector Erwine Pedaron at 013-760 9454. He cautioned the public against spreading unverified claims that could stir anxiety within the community. "Let the police conduct a thorough investigation. Speculation serves no one and only disrupts public order," he said. Police patrols in the area have since been stepped up to ensure no further disturbances occur.
New Straits Times
01-06-2025
- New Straits Times
Toddler succumbs to injuries three days after Muar highway crash
MUAR: A two-year-old girl who was injured in a two-vehicle crash on the North-South Expressway on May 26 succumbed to her injuries three days later. She was one of four occupants in a car that was involved in a crash with a multi-purpose vehicle (MPV), in an accident that was captured in a video which later went viral on social media. She died while receiving treatment at the Muar Hospital. A 14-second clip uploaded on X showed the MPV ramming into the rear of the car at Km144.9 northbound, causing it to spin out of control before crashing into metal barriers. Muar district police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said initial investigations showed that the MPV driver, who was heading north from Johor, lost control and rammed into the rear of the car, causing it to veer off the road and crash into a guardrail. All four occupants in the Saga were rushed to the hospital. However, the toddler succumbed to her injuries without regaining consciousness on May 28. Raiz said the MPV driver tested negative for alcohol and drugs. The case is being investigated under Section 41(1) of the Road Transport Act 1987 for causing death by reckless or dangerous driving. He urged eyewitnesses to contact Inspector Siti Ayu Mohamad Japri at 010-7724850 or report to the Muar Traffic Police to assist in the investigation. Meanwhile, in a separate accident in Seri Alam, a 21-year-old man was killed when the motorcycle he was riding crashed into a road median at Km7.4 of Jalan Permas–Pasir Gudang early this morning. The victim is believed to have lost control of his motorcycle at 3.30am before crashing into the median. He died on the spot from severe head injuries.
New Straits Times
08-05-2025
- New Straits Times
Retiree loses RM186,000 after 200pct profit promise in investment scam
MUAR: A retiree's dream of doubling his savings turned into a nightmare when he lost RM186,800 in a non-existent investment scheme he discovered through social media. District police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the 70-year-old victim was lured into a business group via WhatsApp after being enticed by promises of a 200 per cent return on his investment within three months. "The victim was briefed on how to invest, the required capital, and the projected returns. "Attracted by the offer, he proceeded to make 14 transactions into five different bank accounts between Jan 25 and April this year," Raiz said in a statement today. He said the victim was later provided with a link, purportedly to check his profits, which showed a return of RM446,786.89 as promised. However, he was then instructed to pay an additional RM22,339.34 to "unlock" the funds. "Feeling something was amiss with the demand, the victim attempted to contact the individual who had introduced him to the scheme but received no response," Raiz said. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of one to 10 years, whipping, and a fine upon conviction. Raiz urged the public to remain vigilant and not fall prey to offers that appear too good to be true, especially those encountered on social media platforms. "Always refer to official social media pages such as the Commercial Crime Investigation Department's Facebook, Instagram, and TikTok for information on common scams and fraud tactics," he added.
New Straits Times
07-05-2025
- New Straits Times
Man scammed out of RM3,000 to fake 'catering job' for police
MUAR: A 37-year-old caterer lost RM3,000 to an online scam involving a bogus booking and souvenirs supposedly for an event at the district police headquarters. District police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the caterer was contacted by two individuals who offered him the opportunity to supply food and souvenirs for a "function" at the district police headquarters. He was then told to make a deposit to a "friend" of the scammers. "The victim made an online cash transfer of RM3,000 into a bank account registered under a woman," said Raiz in a statement today. His attempts to contact the scammers failed as his calls were blocked soon after the money was transferred. Police are investigating the case under Section 420 of the Penal Code for cheating, which carries a jail term of one to 10 years, caning and a fine, upon conviction. Raiz urged the public to be cautious when conducting business online, especially when such offers appear to be linked to government agencies. "All supply contracts involving police departments are processed through proper procedures. "Always verify the offer with the relevant authority before making any payments," he added.
The Age
24-04-2025
- Business
- The Age
Raiz rides out market turmoil to log surge in funds under management
ASX-listed fintech micro-investment disrupter Raiz Invest has posted a blockbuster quarterly result, shaking off March's global market jitters to clock record-breaking funds under management, underpinned by a turbocharged pipeline of product innovation. While Raiz may run a fairly traditional fund, the way it attracts money is anything but. Its slick tech platform lets users round up everyday purchases to the nearest $1, $2 or $3 - with the spare change automatically funnelled into an investment account in their name. In its latest update, the company raked in a hefty $60 million in net inflows for the three months to March - up 67.9 per cent on the previous period to achieve its best effort since the heady days of mid-2022. Total funds under management are 23.1 per cent higher than a year ago and now sit at a record $1.65 billion. Company revenues also continued to rise with a 2.6 per cent quarter-on-quarter uptick to $6.1M, translating into a 14.1 per cent lift for the past 12 months. 'Our business model is again proving to be resilient through market cycles, and we are well positioned to continue our growth trajectory.' Raiz Invest managing director and chief executive officer Brendan Malone Adding to the good numbers, the micro-investment maestro reported a 6.9 per cent year-on-year jump in active customers to 324,968 and a 5.9 per cent bump in annualised revenue per user, which climbed to $75.94 each. Indeed, more than 60 per cent of customers continued to make recurring deposits throughout the quarter, helping drive the average account balance to $5078 – a 15.1 per cent lift from a year ago. Although the growth in active users marginally slowed in the quarter to 6973 - with the finger of blame pointing squarely at global market volatility - the positive trend has resumed and sat at 326,544 yesterday.
