Latest news with #315
Sinar Daily
a day ago
- Sinar Daily
Two men lose over RM470,000 to investment and phone scams
Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. 22 Jul 2025 07:33pm Photo illustrated by Sinar Daily. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad. Photo by Bernama IPOH - Two men have lost a total of RM474,212.58 after falling victim to a non-existent investment scheme and a phone scam, according to police. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. "The first victim, a site supervisor, lost RM307,315 after being duped by the 'KKR Investment' advertisement on Facebook promising between 10 and 20 per cent returns in a short time. "Enticed by the offer, the supervisor made 14 transactions to six different bank accounts between April and July, only to realise he had been scammed when he was asked to make additional payments supposedly for profit withdrawal,' he said in a statement today. He said in the second case, a 56-year-old former factory worker lost RM166,897.58 after receiving a call from an individual posing as a Malaysian Communications and Multimedia Commission (MCMC) officer in June. Abang Zainal Abidin said the individual also claimed the man's phone number was linked to illegal moneylending activities ('ah long') and urged him to lodge a police report. "The victim was then connected to another individual posing as a police officer from Bukit Aman, who instructed him to transfer money from his Employees Provident Fund (EPF) account to a company account for investigation purposes. "The fund transfer was made on July 7 before the victim realised he had been duped and lodged a police report,' he said. Abang Zainal advised the public to be more cautious of investment offers that promise high returns in a short period and not to trust unsolicited phone calls from unknown individuals. - BERNAMA More Like This
Barnama
2 days ago
- Barnama
Two Men Lose Over RM470,000 To Investment And Phone Scams
IPOH, July 22 (Bernama) -- Two men have lost a total of RM474,212.58 after falling victim to a non-existent investment scheme and a phone scam, according to police. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. 'The first victim, a site supervisor, lost RM307,315 after being duped by the 'KKR Investment' advertisement on Facebook promising between 10 and 20 per cent returns in a short time. 'Enticed by the offer, the supervisor made 14 transactions to six different bank accounts between April and July, only to realise he had been scammed when he was asked to make additional payments supposedly for profit withdrawal,' he said in a statement today. He said in the second case, a 56-year-old former factory worker lost RM166,897.58 after receiving a call from an individual posing as a Malaysian Communications and Multimedia Commission (MCMC) officer in June. Abang Zainal Abidin said the individual also claimed the man's phone number was linked to illegal moneylending activities ('ah long') and urged him to lodge a police report. 'The victim was then connected to another individual posing as a police officer from Bukit Aman, who instructed him to transfer money from his Employees Provident Fund (EPF) account to a company account for investigation purposes. 'The fund transfer was made on July 7 before the victim realised he had been duped and lodged a police report,' he said. Abang Zainal advised the public to be more cautious of investment offers that promise high returns in a short period and not to trust unsolicited phone calls from unknown individuals.
New Straits Times
2 days ago
- New Straits Times
Two men lose over RM470,000 in investment and phone scams
IPOH: Two men lost more than RM470,000 in separate scams involving a fake investment scheme and a phone scam carried out by individuals impersonating government officials. District police chief Assistant Commissioner Abang Zainal Abidin Abang Ahmad said both victims lodged police reports on Sunday. In the first case, a 61-year-old site supervisor was lured by a Facebook advertisement promoting an investment opportunity under the name "KKR Investment" on April 1. "The advertisement promised returns of 10 to 20 per cent within a short period. "Enticed by the high returns, the victim made 14 separate transactions into six different bank accounts, totalling RM307,315," he said in a statement today. Abang Zainal said the victim became suspicious when he was asked to make additional payments, purportedly for taxes, before being allowed to withdraw any profits. "He then realised he had been duped," he added. In the second incident, a 56-year-old retiree fell victim to a phone scam in June. "The victim received a call from an unknown number. The caller claimed to be from the Malaysian Communications and Multimedia Commission. "He was told that his phone number was linked to an illegal loan syndicate and was advised to file a police report. "The call was then transferred to another individual posing as a police officer from Bukit Aman, who instructed the victim to transfer funds from his Employees Provident Fund (EPF) account to a third-party account for investigation purposes," he said. On July 7, the victim transferred RM166,897.58 to an account registered under a company's name, believing he was cooperating with the authorities. Abang Zainal urged the public to remain vigilant and avoid investment schemes that promise unusually high and quick returns, especially those promoted on social media. "We urge everyone to conduct proper background checks before engaging in any investment, and to never trust unsolicited calls from unknown individuals claiming to be from government agencies," he said.
The Star
2 days ago
- The Star
Two Ipoh men lose nearly RM500K to investment and phone scams
IPOH: Two men here have lost a total of over RM474,000 in separate fraud cases – a bogus investment scheme and a telephone scam. Ipoh OCPD Asst Comm Abang Zainal Abidin Abang Ahmad said they received two reports on Sunday (July 20) from the victims. In the first case, a 61-year-old site supervisor said he came across an advertisement on Facebook for an investment platform called 'KKR Investment' on April 1. 'Enticed by the promise of 10% to 20% returns in a short time, the victim contacted the so-called agent and ended up making 14 transactions to six different bank accounts, totalling RM307,315,' ACP Abang Zainal said in a statement on Tuesday (July 22) The man only realised he had been duped when he was asked to make additional payments, supposedly for taxes, before he could withdraw his 'profits'. In the second case, a 56-year-old retired factory worker said he received a call in June from someone claiming to be from the Malaysian Communications and Multimedia Commission (MCMC). 'The caller told the victim that his phone number had been linked to an illegal loan shark case and advised him to lodge a police report. 'The call was then transferred to an individual claiming to be a police officer from Bukit Aman,' he said. ACP Abang Zainal said the victim was instructed to transfer his Employees Provident Fund (EPF) savings to another account for investigation purposes. 'On July 7, he transferred RM166,897.58 to a bank account registered under a company,' he said. He reminded the public to always be wary of investment offers that promise high returns in a short time and to conduct thorough checks before committing to any scheme. 'Avoid investing through social media. "Also, never trust unexpected phone calls from strangers claiming to be officials,' he advised.
Barnama
5 days ago
- Business
- Barnama
CPO Futures Expected To See Mild Profit-taking Next Week
WORLD By K. Naveen Prabu KUALA LUMPUR, July 19 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see mild profit-taking next week following recent gains. Palm oil trader David Ng said the commodity had rallied strongly in recent sessions, which will prompt some traders to lock in profits, and that could result in softer momentum in the near term. 'CPO prices have risen significantly over the past few sessions, breaking above RM4,300 per tonne. Profit-taking is common after such a surge, as traders tend to sell when prices are high to secure their gains,' he told Bernama. He added that after a strong rally, it is natural for the market to experience a slight pullback as participants cash out. 'We anticipate (the commodity) to trade between RM4,200 and RM4,380 per tonne next week,' he said. On a weekly basis, the August 2025 contract rose RM118 to RM4,262 per tonne, while the September 2025 contract increased RM135 to RM4,309 per tonne, and the October 2025 contract climbed RM138 to RM4,315 per tonne. The November 2025 contract added RM88 to RM4,305 per tonne, December 2025 advanced RM115 to RM4,290 per tonne, and January 2026 gained RM94 to RM4,275 per tonne. The weekly trading volume increased to 555,657 lots from 435,464 lots in the previous week, while open interest went up to 237,735 contracts from 231,427 contracts. The physical CPO price for July South increased by RM130 to RM4,290 per tonne. -- BERNAMA
