Kulai retiree loses RM431,000 to fake investment scheme
Kulai OCPD Asst Comm Tan Seng Lee said the victim was lured by the promise of a 20% to 30% profit within three days of investing in the scheme.
"The victim was promised that the profit would be credited into his Demax Global account app," he said in a statement.
ACP Tan stated that the 67-year-old local man made 32 transactions totaling RM431,000 into three local bank accounts between March 17 and May 15 of this year.
Upon completing the transactions, the victim checked his Demax Global account app and found a RM3mil profit displayed on the screen.
"He wanted to withdraw the profit but was instructed to bank in an additional amount of RM30,000," added ACP Tan.
The victim realised he was cheated after failing to withdraw the sum and lodged a police report on Tuesday (May 20).
The case is being investigated under Section 420 of the Penal Code.
ACP Tan reminded the public to be alert and careful, especially in financial transactions involving unknown persons.
The public can also visit Semak Mule, contact the CCID Scam Response Centre at 03-26101559 or 03-26101599, or go to Facebook @jsjkpdrm and @cybercrimealertrmp.
Scam victims are advised to call the National Scam Response Centre at 997 to report their case.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Vietnam stands at core of evolving Asean: Malaysian ambassador
HANOI: Vietnam continues to hold a central position in an ever-evolving Asean, Malaysian Ambassador to Vietnam Datuk Tan Yang Thai (pic) has said. Vietnam News Agency (VNA) in an interview with Tan in conjunction with 30th anniversary of Vietnam's accession to Asean, reported Tan highlighted Vietnam's prominent and active contributions to the Asean community-building process, especially during the bloc's transformation from a loosely structured regional organisation into a rules-based community. Vietnam made its mark early with the Hanoi Plan of Action in 1998, hosting the 6th Asean Summit, and leading the bloc's first formal workplan towards the Asean Vision 2020, he said. The country, which formally joined Asean on July 28, 1995, also strongly supported the establishment of key Asean mechanisms during this period, such as the Asean Plus Three, the East Asia Summit, and Asean Regional Forum, expanding the bloc's dialogue partnerships and global reach. He said notably, Vietnam's Chairmanship in 2020, during the peak of Covid-19, demonstrated its strong leadership in crisis diplomacy. For the first time in history, Vietnam hosted the Asean Summit virtually, alongside the establishment of the Asean Covid-19 Response Fund, and the implementation of coordinated regional recovery measures, demonstrating the bloc's solidarity and flexible response capability. After 30 years, Vietnam has evolved from a new entrant into a credible, constructive and consensus-building member of Asean, the diplomat said, noting that its performance reflects increasing confidence, growing diplomatic weight and a strong commitment to regional peace, prosperity, and shared identity - well aligned with the goals of the Asean Community Vision 2045. According to the ambassador, Vietnam has emerged as one of Asean's most dynamic economies, making significant contributions to Asean's global trade profile and serving as an attractive destination for foreign direct investment (FDI) in the region. Tan also highlighted the fruitful development in Vietnam-Malaysia bilateral relations in recent years, noting the recent upgrade of their ties to Comprehensive Strategic Partnership marks a timely and historic step. According to the ambassador, Malaysia has so far invested over US$13 billion in Vietnam through around 760 projects across sectors such as manufacturing, finance, real estate, securities and transport. Malaysian investors have shown strong interest in key destinations such as Hai Phong with its fast-growing seaport and industrial zones, as well as Da Nang and Ho Chi Minh City. Convenient air connectivity has helped attract Malaysian tourists not only to Ho Chi Minh City and Hanoi, but also to destinations such as Da Nang, Nha Trang, Da Lat, Sa Pa, Cat Ba, and Phu Quoc. Conversely, Vietnamese travellers are also encouraged to visit Malaysia, especially in the lead-up to Visit Malaysia 2026. The two countries have signed many bilateral agreements and are working toward finalising a Plan of Action for the next five to 10 years to guide cooperation in strategic areas such as trade, technology, and energy. In 2024, two-way trade reached nearly US$18 billion. As an energy-producing nation, Malaysia complements Vietnam - a major energy consumer, especially in renewable energy, offering strong potential for mutually beneficial cooperation. Malaysia also plays a key role in the semiconductor supply chain, supporting Vietnam's manufacturing sector, as Vietnam emerges as a new production hub in Asia. With its young and dynamic workforce, Vietnam holds strong potential for attracting foreign direct investment (FDI). The Vietnam - Malaysia Comprehensive Strategic Partnership serves as a catalyst for realising the Asean Community Vision 2045, VNA quoted Tan said. He also suggesting strengthened bilateral cooperation in green energy trade and halal food supply chain between the two sides, towards scaling these initiatives across Asean. Aligning Vietnam's manufacturing strengths with Malaysia's market access and investment capacity will help build robust supply chain corridors, thus supporting Asean's goals for a digital and green economy by 2045, he added. - Bernama
New Straits Times
an hour ago
- New Straits Times
Datuk councils sound alarm on rise of fake titles
KUALA LUMPUR: A man claiming to be a "Datuk Seri" is under scrutiny for possibly using a fake title to boost his public image. The Council of Federal Datuks (MDPM) and the Council of Datuk Dato' Malaysia (MDDM) held a joint press conference at Wisma MCA yesterday to sound the alarm over a rise in fake titles in the country. MDPM president Datuk Iskandar Abd Malik said his council recently received reports of a man suspected of falsely using a "Datuk Seri" title during public events. He was allegedly listed as an "honorary adviser" for a charity dinner. He was described on the event's poster as a "Datuk Seri" and a "royal adopted son". MDPM executive committee member Datuk Seri Michael Chong said in the first half of the year, his council had received six complaints on fake titles. "People have been duped into investing money after being misled by individuals flaunting false titles, only to realise the deception after suffering financial losses. "In one case, the losses amounted to RM400,000," the MCA veteran said. MDDM secretary-general Datuk Samson David Maman, who has served as an adviser for years, said he had never heard of a title like "royal adopted son" and believed it was fabricated to mislead the public. "Titles such as Datuk, Datuk Seri, Tan Sri or Tun are conferred on people who have made significant contributions to the nation or society. This is why such titles are respected and highly regarded." He said fraudsters often use fake titles or falsely claim royal ties to gain public trust and promote their investment schemes. In a related development, the alleged "Datuk Seri" has come forward and denied allegations of using a fake title. China Press reported that the man said the accusations had damaged his reputation and called on those responsible to issue a public apology. The man claimed he was conferred a title in 2015, but had kept a low profile over the past decade while quietly engaging in charity work. He claimed he began to use the title recently after finding success in his business. Chong responded today, saying that the council would not apologise. He said if this man believed the accusations were unfounded, he was welcome to submit official documentation on his title for verification.
The Sun
2 hours ago
- The Sun
Civil servants must avoid public rallies, says AG Mohd Dusuki
MACHANG: Civil servants must uphold discipline and avoid participating in public rallies to set a proper example, said Attorney-General Tan Sri Mohd Dusuki Mokhtar. He emphasised that involvement in such gatherings violates the civil service code of conduct, and department heads may take action against offenders. 'Such assemblies actually violate the code of conduct and discipline for civil servants. As public servants, we are supposed to set a good example, and I believe civil servants' involvement in these events does not serve any benefit,' Mohd Dusuki said after launching the Attorney-General's Chambers' Santuni MADANI programme at Sekolah Kebangsaan (SK) Pulai Chondong. The AGC has clarified that civil servants are bound by a directive from the Chief Secretary to the Government prohibiting participation in public assemblies. Mohd Dusuki also distributed RM3,000 in cash aid, a television set, batik cloths, and water bottles to over 1,000 villagers and students. Regarding the recent sentencing of motoring influencer Tengku Nizaruddin Tengku Zainudin and his brother Tengku Abdul Aziz, Mohd Dusuki stated that the AGC would review the matter but refrained from further comment as it remains under court jurisdiction. - Bernama
