Company manager loses over RM260,000 to WhatsApp investment scam
Seri Alam police chief Supt Mohd Sohaimi Ishak said the police received a report on the incident yesterday after the 39-year-old victim realised he had been cheated.
'The victim said the incident began last April when he came across a stock investment advertisement on WhatsApp that promised lucrative returns within a short period,' he said.
'Interested, the victim made 16 transactions into two different bank accounts between April 25 and July 4, amounting to a total of RM262,669,' he said in a statement.
Mohd Sohaimi said the victim was later asked to make an additional payment purportedly for the withdrawal of investment profits, but no returns were received.
He said the victim realised he had been scammed after all efforts to recover the investment money failed.
'Initial investigations using the Semak Mule platform by the Commercial Crime Investigation Department (CCID) found that one of the bank accounts used in the transactions had a prior police report linked to an investment fraud case,' he said.
The case is being investigated under Section 420 of the Penal Code for fraud. Police will also conduct further investigations into the use of mule accounts, with appropriate action to be taken against the account holders involved.
He urged the public to exercise caution with investment schemes that promise high returns in a short time and to verify the legitimacy of companies through the Securities Commission Malaysia and the Semak Mule portal before making any transactions.
The public is also warned against sharing personal or banking information with unknown parties and to stay informed about commercial crime tactics via CCID's official social media channels. Fraud victims are urged to immediately contact the National Scam Response Centre (NSRC) at 997 to block any fund transfers. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
2 hours ago
- Malay Mail
HKSTP Takes Nine Game-Changing AI Tech Ventures to WAIC 2025 to Advance China's AI Plus Vision in Transforming Business and Industry
HKSTP is embarking on a mission to advance China's AI Plus vision with nine Hong Kong AI park companies at the WAIC 2025. Hong Kong Space Robotics and Energy Centre Limited (HKSRE ) is an InnoHK R&D centre focuses on aerospace technology R&D to foster international collaboration for the Chang'e-8 mission. It brings together institutions from local and overseas to jointly develop the mission's Hong Kong-operated robot—a multifunctional lunar surface operations and mobile charging system. ) is an InnoHK R&D centre focuses on aerospace technology R&D to foster international collaboration for the Chang'e-8 mission. It brings together institutions from local and overseas to jointly develop the mission's Hong Kong-operated robot—a multifunctional lunar surface operations and mobile charging system. Centre for Artificial Intelligence and Robotics ( CAIR ) Hong Kong Institute of Science & Innovation Chinese Academy of Sciences is another InnoHK R&D centre, showcases MicroNeuro, the world's first flexible robotic system for minimally invasive neurosurgery to address challenges of fragile brain tissue and confined spaces, surpassing human surgical limits. ( ) is another InnoHK R&D centre, showcases MicroNeuro, the world's first flexible robotic system for minimally invasive neurosurgery to address challenges of fragile brain tissue and confined spaces, surpassing human surgical limits. Digital Domain, a global leader in Hollywood visual effects and AI virtual human technologies, showcases the AI-powered video creation solution "HANBAO" and "AI DOMAIN", an all-in-one content creation platform, empowering creators to tailor high-quality short videos for online platforms. Digital Domain has set up its state-of-the-art R&D centre in Hong Kong, driving the innovative development among entertainment and cross-industry. Centre for Artificial Intelligence and Robotics, Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences (CAIR) ClusterTech Limited Digital Domain Hong Kong Centre for Cerebro-cardiovascular Health Engineering (COCHE) HK INBOT TECHNOLOGY LIMITED Hong Kong Space Robotics and Energy Centre Limited MattVerse Limited Metapool Technology Limited Ultipa Hong Kong Limited HONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 July 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) is embarking on a mission to advance China's AI Plus vision with nine Hong Kong AI park companies at the World AI Conference & High-Level Meeting on Global AI Governance (WAIC) 2025, taking place from July 26-29 in Shanghai, China. In collaboration with the Hong Kong Trade Development Council and Cyberport, HKSTP is leveraging Hong Kong's growing global AI innovation hub status to advance the China's strategic AI initiative and applying AI and big data to transform old and new industry sectors to boost a new era of growth."Hong Kong is a crucible for world-class AI innovation and our unique HKSTP ecosystem provides an ideal platform to empower AI tech firms with global fluency and pave the way for global expansion. By taking local tech companies on a global growth journey and attracting more international startups to land Hong Kong and integrating into the Mainland China or even the Asia markets means a growing critical mass of world-class AI innovators is created. This influx of global talent and technology will accelerate the country's high-tech industry and economic development, further fueling the national drive for new quality productive forces."The nine park enterprises participating in the Hong Kong Pavilion cover technologies in life and health tech, fintech, entertainment, aerospace tech, digital education and more, highlights included:In addition to the showcase of tech firms, HKSTP also hosted a provoking panel discussion at WAIC 2025, exploring the theme of: "From Hong Kong to global impact: Shaping the future with AI and New Quality Productive Forces for Cross-industry Growth", moderated by Ms Pheona Kan, Director of Business Development at HKSTP with the fellow scientists and experts from the discussion highlighted how Hong Kong has a unique role in global AI development by uniting international talent and technology behind the city's AI vision which also aligns with China's vision to transform industry through quality productive the largest I&T ecosystem in Hong Kong, HKSTP is home to over 500 AI startups, including home-grown unicorns that are shaping the future of artificial intelligence. In alignment with Hong Kong's bold vision for technological leadership, the HKSTP San Tin Technopole Campus—a 20-hectare site within the soon-to-be-built San Tin Technopole—will serve as a critical catalyst for the city's next wave of innovation. Strategically located in the heart of the Northern Metropolis, the Campus is poised to become a flagship landmark for AI+ and beyond, aiming to promote its widespread development and application across year, WAIC 2025, themed "Global Solidarity in the AI Era," will bring together top scientists, global leaders, entrepreneurs, policymakers, and innovators in the AI participation at WAIC 2025 is a testament to Hong Kong's role as a bridge between Chinese and global innovators, fostering collaboration and exchange of ideas, technologies, and governance #HKSTP The issuer is solely responsible for the content of this announcement. About Hong Kong Science and Technology Parks Corporation Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc. Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined. Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more. Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong. More information about HKSTP is available at
Barnama
6 hours ago
- Barnama
Infineon Investment Lifts Malaysia As Chip Hub, Creates 1,500 Jobs
KUALA LUMPUR, July 27 (Bernama) -- Infineon Technologies' mega investment has not only positioned Malaysia as a global semiconductor manufacturing hub but will also generate 1,500 high-income jobs for Malaysians, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said Prime Minister Datuk Seri Anwar Ibrahim had announced Infineon's RM30 billion potential investment during a trade and investment mission to Germany, following a meeting with the company's top management. "That potential has now become a reality. Infineon Technologies, the German semiconductor giant, has commenced an additional RM30 billion investment to build the world's largest 200mm Silicon Carbide (SiC) Power Fab at the Kulim Hi-Tech Industrial Park in Kedah.
New Straits Times
9 hours ago
- New Straits Times
Anwar to visit Indonesia for first annual consultation with Prabowo
JAKARTA: Prime Minister Datuk Seri Anwar Ibrahim will embark on a two-day working visit to Indonesia starting Monday to attend the 13th Annual Consultation with President Prabowo Subianto - the first such meeting between the two leaders. Anwar will be accompanied by Sarawak Premier Tan Sri Abang Johari Abang Openg, Sabah Chief Minister Datuk Seri Hajiji Noor, Foreign Minister Datuk Seri Mohamad Hasan, Home Affairs Minister Datuk Seri Saifuddin Nasution Ismail; Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz; Education Minister Fadhlina Sidek. "This Annual Consultation represents the highest-level bilateral mechanism between Malaysia and Indonesia, aimed at reinforcing strategic and comprehensive cooperation," Malaysian Ambassador to Indonesia Datuk Syed Mohamad Hasrin Tengku Hussin said during a media briefing here on Sunday. He said the Annual Consultation, convened alternately between the two countries since 2006, reflects the strong political commitment of both nations to enhance collaboration across a wide range of sectors, including trade and investment, defence and security, connectivity, food security and education. "The leaders are expected to exchange views on regional and global issues of mutual interest," he said, adding that a Joint Statement will be issued at the conclusion of the consultation. The previous consultation was held in 2017, making this a timely opportunity for both leaders to reaffirm their strategic partnership and explore new areas of cooperation in response to current regional and global challenges. Syed Mohamad Hasrin said the leaders will also witness the exchange of four Memoranda of Understanding (MoUs) in the areas of land border, health cooperation and information and communications technology. During the visit, he said the Prime Minister is also scheduled to visit the Asean Secretariat in Jakarta, at the invitation of the Asean Secretary-General, Dr Kao Kim Hourn. Anwar will also deliver a Policy Speech on Asean in the context of Malaysia's Asean Chairmanship in 2025, underscoring Malaysia's ongoing commitment to regional integration and community-building. In 2024, Indonesia ranked as Malaysia's sixth-largest global trading partner and the second largest within Asean. Bilateral trade increased by 4.5 per cent from RM111.21 billion (US$24.39 billion) in 2023 to RM116.29 billion (US$25.5 billion) in 2024. – Bernama
