Latest news with #AbdulMalik
Sinar Daily
a day ago
- Business
- Sinar Daily
Businessman loses over RM1 million to fake online investment scheme
He was attracted to invest after being promised high returns. 22 Jul 2025 08:51am Photo for illustration purpose only - 123RF photo SEREMBAN - A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man, in his 50s, at 4.22pm yesterday at the Pantai police station. "The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. "He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Photo for illustrative purposes only. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. - BERNAMA
The Star
a day ago
- The Star
Businessman loses over RM1mil to online investment scam
SEREMBAN: A businessman suffered losses of over RM1mil after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man in his 50s, at 4.22pm on Monday (July 21) at the Pantai police station. "The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. "He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. - Bernama
The Sun
a day ago
- Business
- The Sun
Businessman loses RM1 million in online investment scam in Seremban
SEREMBAN: A businessman lost more than RM1 million after being deceived by a fraudulent online investment scheme earlier this year. The victim, a man in his 50s, reported the incident to the Nilai police yesterday. Nilai police chief Supt Abdul Malik Hasim confirmed that the victim was lured into the scheme on April 29 after being promised high returns. 'The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns,' he said. The scammer instructed the businessman to download a mobile app called 'CDT MAX' and transfer money into seven different bank accounts. Over 15 transactions, the victim lost a total of RM1,449,750. Abdul Malik added that the victim only realised he had been scammed when asked for additional payments to withdraw his supposed profits. Police are now investigating the case under Section 420 of the Penal Code for cheating. - Bernama
Barnama
a day ago
- Business
- Barnama
Businessman Loses Over RM1 Million To Online Investment Scam
SEREMBAN, July 22 (Bernama) -- A businessman suffered losses of over RM1 million after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man, in his 50s, at 4.22 pm yesterday at the Pantai police station. 'The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. 'He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. -- BERNAMA
The Star
2 days ago
- Business
- The Star
Businessman loses RM1.5mil to online investment scam
SEREMBAN: Another victim has fallen prey to a non-existent online investment scam, losing nearly RM1.5mil after being promised unusually high returns. Nilai OCPD Supt Abdul Malik Hasim said the victim, a businessman in his 50s, lodged a report on Monday (July 21) after realising that he had been duped. "The victim, in his report, said that he had been contacted by an individual in late April asking if he was keen to invest in an online investment scheme. "The victim, after being told that the returns were unusually high, agreed to download an application on his mobile phone so he could invest," he said in a statement. Supt Abdul Malik said the victim then transferred the cash into seven bank accounts through 15 transactions. He said the victim only realised that he had been conned when he was unable to withdraw his profits. "He was told that he would have to make additional payments if he wished to do so," he said, adding that the victim lodged a report at the Pantai station. The case is being investigated under Section 420 of the Penal Code for cheating. He advised the public to always check with official sources such as Bank Negara before investing in any scheme, especially those that promise unusually high returns. The public can also call the Commercial Crime Investigation Department Scam Response Centre at 03-2610 1559 or 03-2610 1599, he added.
