
Engineer loses RM71k to fake investment scam in Chukai
Kemaman police chief Supt Mohd Razi Rosli stated that the engineer first encountered the investment scheme on April 8. After contacting a woman promoting the scheme, he was convinced to use a specific app for trading shares.
'The victim initially invested a small amount and received RM600 in profit. Encouraged by this, he later invested RM71,000 between May 27 and June 26,' said Mohd Razi.
The engineer only realised he had been scammed when he failed to receive further returns and could no longer contact the suspect.
Mohd Razi advised the public to verify investment companies with the Securities Commission Malaysia before committing funds. He also urged caution when dealing with third-party accounts and recommended contacting the National Scam Response Centre (NSRC) at 987 for verification.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
5 hours ago
- New Straits Times
Asyraf serves RM1mil legal notice on Papagomo over alleged slander
KUALA LUMPUR: Mara chairman Datuk Dr Asyraf Wajdi Dusuki today served a letter of demand on Wan Muhammad Azri, better known as Papagomo, over allegations that he had abused his power and misappropriated agency funds. In a Facebook post, Asyraf said the notice was delivered by his lawyer to Wan Azri at his residence at 2.15pm today. "Enough of the culture of hateful politics and baseless slander. We must instil a sense of responsibility for one's words and actions. "Even if one has no fear of consequences in this world, may there still be some fear of Allah's punishment for spreading lies. "See you in court!" he wrote in the post. Earlier, Asyraf, who is also Umno secretary-general, had announced in a video post that he would be filing a RM1 million lawsuit against Wan Azri for defamation. He also refuted claims that he had awarded Mara food supply contracts and other projects to UMNO division leaders, or used agency funds for the recent sacrificial slaughter in Gerik in conjunction with Aidiladha. He said that not a single sen of Mara money was used for the religious ritual. "Instead, many individuals came forward to donate as a charitable act for the people of Gerik. One of the sacrificial cows was my personal contribution to the local Mara office," he said.


The Star
7 hours ago
- The Star
‘We don't want an emperor': Brazil's Lula speaks up as Brics silent on tariffs
Brazilian President Luiz Inácio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. 'I don't think it's very responsible and serious for a president ... of a country the size of the US to threaten the world over the internet – it's not right,' Lula said during a news conference at the conclusion of the Brics leaders' summit in Rio de Janeiro. He said the members of the group of emerging economies were 'sovereign countries' and noted that other nations had the same right to levy taxes as Washington. 'The world has changed. We don't want an emperor,' Lula added. 'Frankly, there are other things and other ways for the president ... to talk to other countries. People need to understand that respect is good – we like to give it, and we like to get it in return,' he said. The Brazilian president was reacting to comments Trump made on Sunday that he would impose an additional 10 per cent tariffs on imports from Brics members and aligned countries that pursue what he called the group's 'anti-American policies'. Brics had earlier issued a leaders' declaration condemning tariffs, unilateralism and protectionism without naming the US. Lula said that Trump's threats were not discussed during the Brics meetings, but contended that some critics had been rattled by the bloc's growing success in uniting the Global South and amplifying its voice on the world stage. In Washington on Monday, White House press secretary Karoline Leavitt told reporters that Trump was 'closely monitoring' the Brics summit. However, she said, he did not 'perceive these countries as growing stronger'. 'He just perceives them as trying to undermine the United States' interests. 'And that's not OK with him, no matter how strong or weak a country is,' Leavitt added. As an organisation, Brics did not issue any official response to Trump's comments. But some member nations acknowledged them. Kremlin spokesman Dmitry Peskov told reporters on Sunday that Trump's latest statement on Brics had been 'noticed', Russia's Tass reported. Beijing also reacted to Trump's comments, with Chinese Foreign Ministry spokeswoman Mao Ning saying on Monday that Brics 'is not a bloc for confrontation, nor does it target any country'. 'As for the US tariff hikes, China has made its position clear more than once,' she added. 'Trade war and tariff war have no winners, and protectionism leads nowhere.' Trump did not specify which policy or language in the declaration he considered anti-American. In January, shortly after returning to the White House, he declared that Brics was 'dead' and claimed no one wanted to join the bloc. He also threatened 100 per cent tariffs against Brics members over the group's push for 'de-dollarisation' and use of local currencies in internal trade. On Sunday, the Brics leaders' declaration called for Israeli troops to withdraw from Gaza on the eve of Trump's scheduled meeting on Monday with Israeli Prime Minister Benjamin Netanyahu in the White House. Although the document condemned recent Israeli and US military strikes on Iran's nuclear facilities as a 'violation of international law', it did not explicitly name either country. Iran became a full Brics member in January. Brics, an acronym denoting the earliest members Brazil, Russia, India, China and South Africa, has since added Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates to its group of emerging economies. Brics members including India, China and Indonesia are currently engaged in trade negotiations with the Trump administration. Last week, Vietnam, a Brics partner country, reached a trade deal with the US. On Monday, Lula participated in a new group photograph that, in addition to 10 Brics full members, included UN Secretary General Antonio Guterres, World Health Organization Director General Tedros Adhanom Ghebreyesus, and the presidents of Chile, Uruguay, Uganda and Bolivia. Gustavo de Carvalho of the South African Institute of International Affairs in Johannesburg did not expect any 'war of words' between Brics and Trump unless the US takes direct action toward bloc members and partner countries. He said that many Brics members preferred 'not to be seen as an anti-Western type of group, but rather as a representative of a non-Western group'. He contended that Trump's threats would not deter new countries from joining the bloc – unless those threats materialise. He argued that 'the US would have to be far more aggressive than it has been so far to really reduce that level of interest'. Such threats, he said, were part of 'seeking leverage between the US and other economies', providing the US with better terms when trading with countries that several Brics members also engage with. Farwa Aamer of Asia Society in New York, noting long-standing divisions within Brics, said that while existing members were unlikely to leave Brics, Trump's posture 'could deter some Global South countries from joining any time soon, especially those looking to maintain stable ties with the US'. 'Given those dynamics, we're more likely to see a muted or fragmented response, if any. Most will likely adopt a wait-and-see approach rather than escalate tensions, especially with uncertainty around the trade and economic landscape,' she said. Also on Monday, the US said that Secretary of State Marco Rubio would travel to Malaysia, a Brics partner country, from Tuesday to Saturday, to take part in the Asean-United States Post-Ministerial Conference, the East Asia Summit Foreign Ministers' Meeting and the Asean Regional Forum Foreign Ministers' Meeting. Speaking at the Brics business forum last week, Malaysian Prime Minister Anwar Ibrahim urged Brics countries to learn from Asean on how to challenge Western dominance. Anwar said that the Global South should speak 'from a position of strength' in international matters and he encouraged the bloc to continue discussions on reducing its dependence on the US dollar as a reserve currency. 'Of course, we're not talking about de-dollarisation, because there's a long way to go, but at least we try – Malaysia with Indonesia, Malaysia with Thailand, and together with China – trying to use our own local currency,' he added. 'Even beginning with 10 or 20 per cent, it makes a difference.' - SOUTH CHINA MORNING POST


The Sun
7 hours ago
- The Sun
Penang cargo manager loses RM693k to fake investment scam
GEORGE TOWN: A cargo company manager in Penang lost RM693,000 after being deceived by an investment syndicate that promised a 100% return on his capital within 48 hours. The 70-year-old victim filed a police report after realising he had been scammed. According to Penang deputy police chief Datuk Mohd Alwi Zainal Abidin, the victim initially saw an investment advertisement on Facebook in early March. After clicking the link, a female suspect contacted him via WhatsApp, promoting an investment opportunity under 'Industrial Securities International.' The victim was assured of doubling his investment within two days. Between June 4 and July 3, he made 12 transactions totalling RM693,000 into five different bank accounts. He only realised it was a scam when the promised profits never materialised, and the suspect demanded more payments before allowing withdrawals. Police are actively investigating the case under Section 420 of the Penal Code for cheating. Authorities are also working to trace the syndicate's network to prevent further fraud. - Bernama