Latest news with #669
The Sun
12 hours ago
- Business
- The Sun
Johor manager loses RM260k in WhatsApp investment scam
JOHOR BAHRU: A company manager lost RM262,669 after falling victim to a WhatsApp-based stock investment scam. The 39-year-old victim reported the fraud to Seri Alam police after realising he had been deceived. Seri Alam police chief Supt Mohd Sohaimi Ishak said the scam began in April when the victim saw an investment ad on WhatsApp promising quick profits. 'The victim made 16 transactions into two bank accounts between April 25 and July 4, totalling RM262,669,' he said. The scam escalated when the victim was asked for additional payments to withdraw profits, but no returns were given. After failed attempts to recover his money, he lodged a police report. Initial checks by the Commercial Crime Investigation Department (CCID) revealed one bank account was linked to a prior investment fraud case. Investigations are ongoing under Section 420 of the Penal Code for fraud. Mohd Sohaimi urged the public to verify investment schemes via the Securities Commission Malaysia and Semak Mule portal. 'Be wary of unrealistic returns and never share banking details,' he said. Victims of fraud should contact the National Scam Response Centre (NSRC) at 997 immediately to halt transactions. - Bernama
Malaysian Reserve
13 hours ago
- Business
- Malaysian Reserve
Company manager loses over RM260,000 to WhatsApp investment scam
JOHOR BAHRU — A company manager lost RM262,669 after allegedly falling victim to an online stock investment scam conducted through the WhatsApp application. 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
Barnama
14 hours ago
- Business
- Barnama
Company Manager Loses Over RM260,000 To WhatsApp Investment Scam
JOHOR BAHRU, July 19 (Bernama) -- A company manager lost RM262,669 after allegedly falling victim to an online stock investment scam conducted through the WhatsApp application. 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.
New Straits Times
15 hours ago
- Business
- New Straits Times
Business executive loses over RM262,000 to WhatsApp stock investment scam
PASIR GUDANG: A company manager has lost more than RM262,000 after falling victim to a fake stock investment scheme promoted via WhatsApp, police said. Seri Alam police chief Assistant Commissioner Mohd Sohaimi Ishak said the 39-year-old woman was enticed by an advertisement promising fast, high returns on stock investments. The business manager lodged a report on Friday after realising she had been deceived, Berita Harian reported. Police said the scam began in April, when the victim clicked on a promotional link shared through WhatsApp. She was then instructed to transfer money in stages — supposedly to withdraw her profits — into two separate bank accounts. "Between April 25 and July 4, the victim carried out 16 transactions totalling RM262,669," Sohaimi said in a statement. "When the promised returns failed to appear and the suspect's phone number became unreachable, she realised it was a scam." Checks revealed that one of the bank accounts was listed in Semak Mule, a Malaysian public database that tracks accounts involved in fraudulent activities. The case is being investigated under Section 420 of the Penal Code for cheating. Police are also examining the possible involvement of 'money mule' accounts, and legal action will be taken against any individuals found complicit. Authorities have advised the public to remain cautious of schemes promising unusually high financial returns. "Always verify the legitimacy of investment offers through official channels before making any payments," Sohaimi said. "If an offer appears suspicious, report it to the authorities without delay."
Hans India
5 days ago
- Business
- Hans India
‘Shakti' scheme reaches 500 crore free rides for women
Bengaluru: The government's flagship Shakti Scheme, which was launched on June 11, 2023, has reached a monumental milestone — facilitating 500 crore free bus rides for women across the state by July 14, 2025. This marks a national record in public welfare transport initiatives and stands as a testament to the government's commitment to women's empowerment. The scheme has enabled millions of women to access free bus transportation, significantly contributing to their economic, social, educational, professional, and health development. As of today, the total value of free tickets issued under the scheme stands at Rs12,669 crore. To mark the 500 crore milestone, a symbolic ticket was presented to a female passenger during a celebratory event held in Bengaluru. Special events were also conducted at major bus stations across taluks and districts, including bus puja ceremonies, distribution of sweets, and greeting women commuters with roses. The Shakti Scheme allows all resident women of Karnataka, including students and gender minorities, to travel free of cost on city, ordinary, and express KSRTC buses. To strengthen the transport network, the government has approved the induction of 5,800 new buses, of which 5,049 have already been deployed across four major transport corporations. Additionally, 9,000 posts have been approved for recruitment to meet rising demands. Odal Dhwani Women's Collective (Vijayapura), empowered by the Shakti Scheme, has generated significant income through organic food products such as rotis and holiges, which were presented as a token of gratitude to Chief Minister, Deputy Chief Minister, and Transport Minister. During the celebration, 30 women passengers, including students, senior citizens, and gender minorities, were honoured with traditional Ilkal sarees. The 500th crore ticket recipient was felicitated by the Chief Minister with a shawl, flower garland, and a commemorative gift. The Shakti Scheme stands as abold and inclusive initiative towards women's mobility, safety, and empowerment, making Karnataka a national leader in progressive public transport policy. . The scheme's success has earned Karnataka's transport corporations 185 national and international awards in the last two years alone. 'Apar Shakti' Total routes increased from 21,164 to 23,635 Total buses increased from 23,948 to 26,130 Old buses replaced: 2,828 Scheme impact & enhancements Pre-Shakti daily ridership: 85.84 lakh passengers Post-Shakti daily ridership: 1.17 crore passengers
