the sun malaysia ipaper logo 150x150
Wednesday, June 24, 2026
32.3 C
Malaysia
the sun malaysia ipaper logo 150x150

Company director loses nearly RM350,000 in non-existent investment scam

IPOH: A company director lost RM348,673 after being deceived by a non-existent investment that used the ‘OSL’ application offered by his social media contact via Facebook recently.

Perak police chief Datuk Seri Mohd Yusri Hassan Basri said the 58-year-old man from Taman Pinji Seni here lodged a report when he realised that he had not received any profit from the investment until today.

He said police investigations revealed that the complainant met a woman through Facebook on July 27 and was tricked into investing through the OSL (digital asset platform) application.

“The victim made eight transcations into seven different bank accounts totalling RM348,673 between Aug 12 and 26 this year. After a few days, he discovered that the investment yielded a profit of RM1.06 million (RM1,060,085.41),” he said in a statement today.

However, Mohd Yusri said when the victim went to withdraw the profit, the scammer demanded 30 per cent of the total profit from him. That was when he realised he had been cheated.

The case is being investigated under Section 420 of the Penal Code.

Meanwhile, Mohd Yusri urged the public to not be easily deceived by various non-existent investment schemes, particularly investments not registered with Bank Negara Malaysia and the Malaysian Securities Commission (SC).

“If you think you have been scammed, immediately contact the National Scam Response Centre (NSRC) hotline at 997 or Commercial Crime Investigation Department (CCID) Infoline via Whatsapp at 013-2111222 (from 8 am to 8 pm) to report the incident,” he said. – Bernama

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

Solar District Cooling to sharpen focus on recurring income, project execution

Backed by national policies such as the National Energy Transition Roadmap and the Energy Efficiency and Conservation Act, Solar District Cooling is well-positioned to capture structural growth in sustainable infrastructure through its building management systems, solar thermal and solar PV capabilities.

Well Link Life Successfully Issued USD200mm 10-year Tier 2 Capital Bonds

HONG KONG SAR - Media OutReach Newswire - 24 June 2026 - Well Link Life Insurance Company Limited ("Well Link Life", BBB- by S&P / BBB by Fitch) successfully issued USD200mm 10-year (Non-callable 5-year) Tier 2 capital bonds ("the Bonds") in the international market. The Bonds have a coupon rate of 7.875%, and are rated BB+ by S&P / BB+ by Fitch.

Klemeru South: EADEPRO Development builds Perak’s first solar-powered green township in Ipoh’s Klebang-Meru corridor...

EADEPRO Development is expanding Klemeru Ipoh, a 120-acre solar-powered township in Perak's Klebang-Meru corridor. Featuring built-in solar systems, EV-ready infrastructure, modern amenities and strong connectivity, the project aims to support sustainable living while advancing Malaysia's net-zero and energy transition goals.

Matrix Robotics Debuts at Dalian Summer Davos as Sole Humanoid Robotics Service Provider, with...

DALIAN, CHINA - Media OutReach Newswire - 24 June 2026 - The World Economic Forum's 17th Annual Meeting of the New Champions, also known as Summer Davos, opened on June 23 at the Dalian International Conference Center.

Allianz: $125 billion in vessel and cargo value awaits passage from the Persian Gulf

Allianz warns that geopolitical tensions and the Strait of Hormuz disruption have left about US$125 billion in vessel and cargo value awaiting transit. The report highlights growing maritime risks, supply chain uncertainty, ageing fleets, and the need for stronger resilience in global shipping operations.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings