Latest news with #Section420
Daily Express
11 hours 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
The Sun
12 hours 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.
Barnama
12 hours ago
- Barnama
RM6.7 Million Lost In Selangor Coffee Vending Machine Investment Fraud
SHAH ALAM, June 5 (Bernama) -- 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.
The Sun
12 hours ago
- The Sun
Selangor Police Probe RM6.7 million Vending Machine Scam
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.
The Sun
3 days ago
- The Sun
Pensioner loses over RM100,000 to scam syndicate
TANGKAK: A 58-year-old female pensioner lost RM108,520 to a scam syndicate. Tangkak police chief Supt Roslan Mohd Talib said the woman claimed it all started on May 9 when she was contacted by two men, one of them claiming to be an officer from the Communications and Multimedia Commission and the other, who claimed to be a police officer. He said the woman was told that she was wanted in a fraud case involving investments and non-existent loans, and to transfer the money in her account to a given bank account to facilitate investigations of the case. 'The woman did as was told and transferred her money, in 16 transactions, to two given bank accounts, suspected to be ' mule accounts,'' he said in a statement today. Roslan said the woman lodged a police report yesterday, and the case is being investigated under Section 420 of the Penal Code. He also advised the public who are victims of fraud to immediately contact the National Scam Response Centre (NSRC) at 997 as an initial action to block the outflow of money from the suspect's account.
