Latest news with #ZulkipliSuhaili
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.
The Sun
22-05-2025
- Business
- The Sun
Sibu housewife loses RM447,300 to phantom investment that offered lucrative returns
SIBU: An elderly housewife here became the latest victim of a non-existent online investment fraud syndicate, when she was deceived of RM447,300 by the lure of lucrative returns. Sibu police chief ACP Zulkipli Suhaili said the Commercial Crime Investigation Division of the Sibu district police headquarters (IPD) received a report from the victim, in her 60s, yesterday and an investigation paper has been opened under Section 420 of the Penal Code for cheating. 'On Jan 11 this year, the victim met a woman who introduced herself as 'Ah Chong' via Facebook before contacting another suspect using the name 'Amy' via WhatsApp. 'The suspect offered the victim to participate in a stock investment scheme via a WhatsApp group known as 'Programme VIP012',' he said in a statement today. Zulkipli said that after seeing testimonials from other investors who allegedly made lucrative profits, the victim agreed to participate in the investment named 'J.P. Morgan Family Office'. According to him, the victim only needed to make a payment into the account provided by the suspect with a guarantee that the profits would be deposited into the account uploaded in the name of 'JPFO Max'. The victim was excited after finding the high investment profits when checking via the JPFO Max application and continued to make 33 money transfer transactions between April 16 and May 20 to five local accounts totalling RM447,300. When informed that the total accumulated profit had reached RM800,000, the victim requested a withdrawal but the suspect claimed that the investment was still ongoing and required additional capital before any withdrawal was allowed. After making the payment, the victim finally realised that she had been cheated and came forward to file a report and in this regard, Zulkipli advised the public to be careful with investment offers that promise lucrative returns and to check with the authorities first. The public can check the list of companies or websites that have not received approval via the Bank Negara Malaysia website at or contact BNMTELELINK at 1-300-88-5465, as well as the Securities Commission of Malaysia at or 03-6204 8999. They can also check via the Investment Checker application or the website he said.
The Sun
22-05-2025
- Business
- The Sun
Housewife loses RM447,300 to investment that offered lucrative returns
SIBU: An elderly housewife here became the latest victim of a non-existent online investment fraud syndicate, when she was deceived of RM447,300 by the lure of lucrative returns. Sibu police chief ACP Zulkipli Suhaili said the Commercial Crime Investigation Division of the Sibu district police headquarters (IPD) received a report from the victim, in her 60s, yesterday and an investigation paper has been opened under Section 420 of the Penal Code for cheating. 'On Jan 11 this year, the victim met a woman who introduced herself as 'Ah Chong' via Facebook before contacting another suspect using the name 'Amy' via WhatsApp. 'The suspect offered the victim to participate in a stock investment scheme via a WhatsApp group known as 'Programme VIP012',' he said in a statement today. Zulkipli said that after seeing testimonials from other investors who allegedly made lucrative profits, the victim agreed to participate in the investment named 'J.P. Morgan Family Office'. According to him, the victim only needed to make a payment into the account provided by the suspect with a guarantee that the profits would be deposited into the account uploaded in the name of 'JPFO Max'. The victim was excited after finding the high investment profits when checking via the JPFO Max application and continued to make 33 money transfer transactions between April 16 and May 20 to five local accounts totalling RM447,300. When informed that the total accumulated profit had reached RM800,000, the victim requested a withdrawal but the suspect claimed that the investment was still ongoing and required additional capital before any withdrawal was allowed. After making the payment, the victim finally realised that she had been cheated and came forward to file a report and in this regard, Zulkipli advised the public to be careful with investment offers that promise lucrative returns and to check with the authorities first. The public can check the list of companies or websites that have not received approval via the Bank Negara Malaysia website at or contact BNMTELELINK at 1-300-88-5465, as well as the Securities Commission of Malaysia at or 03-6204 8999. They can also check via the Investment Checker application or the website he said. Any further information or advice regarding fraudulent activities can also be obtained through the National Scam Response Centre (NSRC) at 997 or via the Facebook page @CyberCrimeAlertRMP.
