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Hardware Company Director Loses Over RM800,000 To Online Investment Scam
Hardware Company Director Loses Over RM800,000 To Online Investment Scam

Barnama

timea day ago

  • Business
  • Barnama

Hardware Company Director Loses Over RM800,000 To Online Investment Scam

KLUANG, July 13 (Bernama) -- A trader and director of a hardware company lost RM829,705 after falling victim to an online investment scam. Kluang police chief ACP Bahrin Mohd Noh said the 56-year-old man came across an investment advertisement promising high returns on social media in March. After contacting the so-called investment 'agent', the victim was instructed to download an app called 'PHV View' to participate. 'Between June 5 and July 9, he transferred RM829,705 in stages to five different bank accounts for the supposed return of RM4,669,065.25 shown on the app,' he said in a statement today. However, the man was then told he had to make further payments to withdraw the profits. Realising he had been scammed, the victim lodged a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. -- BERNAMA

Expecting RM4.5m profit, Kluang company director downloads ‘PHV View' investment app, loses RM830,000 to scammers
Expecting RM4.5m profit, Kluang company director downloads ‘PHV View' investment app, loses RM830,000 to scammers

Malay Mail

timea day ago

  • Business
  • Malay Mail

Expecting RM4.5m profit, Kluang company director downloads ‘PHV View' investment app, loses RM830,000 to scammers

KLUANG, July 13 — A trader and director of a hardware company lost RM829,705 after falling victim to an online investment scam. Kluang police chief ACP Bahrin Mohd Noh said the 56-year-old man came across an investment advertisement promising high returns on social media in March. After contacting the so-called investment 'agent', the victim was instructed to download an app called 'PHV View' to participate. 'Between June 5 and July 9, he transferred RM829,705 in stages to five different bank accounts for the supposed return of RM4,669,065.25 shown on the app,' he said in a statement today. However, the man was then told he had to make further payments to withdraw the profits. Realising he had been scammed, the victim lodged a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. — Bernama

Kluang trader loses RM829k to online investment scam
Kluang trader loses RM829k to online investment scam

The Sun

timea day ago

  • Business
  • The Sun

Kluang trader loses RM829k to online investment scam

KLUANG: A 56-year-old hardware company director lost RM829,705 after falling victim to an online investment scam. The victim, a trader, encountered an advertisement on social media in March promising lucrative returns. Kluang police chief ACP Bahrin Mohd Noh stated that the victim was instructed to download an app called 'PHV View' after contacting an investment agent. Between June 5 and July 9, the man transferred RM829,705 in stages to five different bank accounts, believing he would receive RM4,669,065.25 as shown on the app. When the victim attempted to withdraw the profits, he was told to make additional payments. Realising the deception, he filed a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama

Company director loses over RM800,000 to investment scam
Company director loses over RM800,000 to investment scam

The Star

timea day ago

  • Business
  • The Star

Company director loses over RM800,000 to investment scam

KLUANG: A trader and director of a hardware company lost RM829,705 after falling victim to an online investment scam. Kluang police chief ACP Bahrin Mohd Noh said the 56-year-old man came across an investment advertisement promising high returns on social media in March. After contacting the so-called investment 'agent', the victim was instructed to download an app called 'PHV View' to participate. "Between June 5 and July 9, he transferred RM829,705 in stages to five different bank accounts for the supposed return of RM4,669,065.25 shown on the app,' he said in a statement on Sunday (July 13). However, the man was then told he had to make further payments to withdraw the profits. Realising he had been scammed, the victim lodged a police report on July 10 at the Kluang Police Station. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama

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