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New Straits Times
3 days ago
- Politics
- New Straits Times
Najib's royal addendum: I've discussed with PM, but it's up to the King, says Zahid
KANGAR: The implementation of Datuk Seri Najib Razak's addendum decree for house arrest will be expedited but remains subject to the discretion of the King, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He added that due process must be respected, with the legal proceedings involving the addendum decree to go through the Pardons Board. "This step will still follow the legal process under the Pardons Board, which is currently chaired by the King. That is what must be respected in this ongoing process," he said. He was speaking to reporters after officiating the Kangar Umno division delegates' meeting at a hotel here today. Also present were Kangar Umno division chief Datuk Dr Fathul Bari Mat Jahya, who is also Perlis Umno liaison deputy chairman; Perlis Umno liaison chairman Datuk Rozabil Abdul Rahman; and the heads of Kangar Umno's Youth, Wanita and Puteri wings. Zahid said he had met with Prime Minister Datuk Seri Anwar Ibrahim to discuss in detail the legal steps required to act on the decree. "Regarding the addendum decree, I have met with the prime minister and we've had detailed discussions on the legal process that must be followed. "God willing, follow-up action will be taken in accordance with legal procedures," he said. Najib, who has been serving his sentence at Kajang Prison since Aug 23, 2022, for misappropriating RM42 million in funds belonging to SRC International Sdn Bhd, filed a petition for a royal pardon on Sept 2, 2022. The Pardons Board later reduced his jail term from 12 years to six, and his fine from RM210 million to RM50 million, in February last year.
The Star
6 days ago
- Business
- The Star
RM1.7mil profit promise ends in loss
Too good to be true: Chan (left) showing the mobile app on his phone that was used to track his investments during a press conference held by Yuen (right). IPOH: Believing that his 'investments' in shares had earned him RM1.7mil, a factory owner ended up RM210,000 poorer instead. Just wanting to be known as Chan, the 47-year-old said he came across a social media advertisement about investing in shares and clicked on the post. He said the link led him to a WhatsApp chat channel where he started communicating with a woman who claimed to be named Linda. 'She offered me several company share schemes and I started one with RM10,000,' Chan said at a press conference held by Perak MCA public services and complaints bureau chief Charles Yuen here yesterday. Chan said he did an online search of the firms and found that they were listed as private limited companies. 'As I was required to pay more to access the company profile, I decided to just invest in it,' he added. Chan made about RM50,000 at the initial stage and decided to invest more. He said he was asked to download a mobile app called CDT Citi to keep track of his investments. 'The app provided simple explanations on how to invest, which made it even more convincing,' he said. In May, Chan was notified that his investments had returned a profit of RM1.7mil and that he could withdraw the money. 'To do so, I was required to pay commissions and some taxes. After paying about RM29,000, I was still unable to withdraw the money,' he said, adding that he lodged a police report on July 13. Chan finally realised he had been conned when he was instructed to pay more. 'I urge people to be careful and not trust any investment scheme on social media. If there are victims like me, I hope they will go to the police,' he added. Yuen said the police should investigate the companies first, which could provide more leads. 'I think it will be difficult to track down this so-called Linda. The police should check the companies to see if they are genuine or proxies used by scammers.'
New Straits Times
6 days ago
- Business
- New Straits Times
Factory worker loses RM210,000 to fake investment scheme advertised on Facebook
IPOH: A factory worker lost RM210,000 in life savings after falling victim to a non-existent investment scheme advertised on Facebook. The victim, known only as Chan, 47, said he came across the social media advertisement on March 26 promoting a high-return investment opportunity, which prompted him to invest. He later contacted an individual named Linda via WhatsApp, who introduced herself as a remisier or investment intermediary. "The investment seemed legitimate as I was instructed to download the 'Citi CDT' App from the Apple Store. The app verified, and I started by investing RM10,000 on the same day," he said during a press conference at the Perak MCA Building today. Chan went on to make five more transfers between April 2 and April 28 via online banking, cash deposit machines and over-the-counter transactions to four different bank accounts. Chan added that he was later informed he would receive returns of nearly RM1.7 million, but only if he made an additional payment of RM190,472.40, supposedly to release the profits. "After checking with several friends, they told me I had been scammed. I then lodged a police report at the Sungai Senam police station," he said. Meanwhile, Perak MCA Public Services and Complaints Bureau chief Yuen Chan How urged the authorities to conduct a thorough investigation into the case. "In the past, syndicates would use suspicious links to download fake apps. Now, they're developing legitimate-looking apps that can be downloaded from the Apple Store or Google Play. "We also advise the public to be extremely cautious before investing. No legitimate investment scheme will ask you to make a payment just to withdraw your profits," he said. – BERNAMA
The Sun
6 days ago
- Business
- The Sun
Factory worker loses RM210k to fake Facebook investment scheme
IPOH: A factory worker lost RM210,000 in life savings after falling victim to a fraudulent investment scheme promoted on Facebook. The victim, identified only as Chan, 47, encountered the advertisement on March 26, which promised high returns. Chan contacted a person named Linda via WhatsApp, who claimed to be an investment intermediary. 'The investment seemed legitimate as I was instructed to download the 'Citi CDT' App from the Apple Store. The app was verified, so I invested RM10,000 the same day,' he said during a press conference at the Perak MCA Building. Between April 2 and April 28, Chan made five more transfers via online banking, cash deposit machines, and over-the-counter transactions to four different bank accounts. Later, he was told he would receive RM1.7 million in returns—but only after paying an additional RM190,472.40 to 'release' the profits. 'After consulting friends, I realised I had been scammed and lodged a police report at Sungai Senam police station,' he said. Perak MCA Public Services and Complaints Bureau chief Yuen Chan How urged authorities to investigate thoroughly. 'Syndicates now create legitimate-looking apps downloadable from official stores. Always verify before investing—no genuine scheme demands payment to withdraw profits,' he warned. – Bernama
Barnama
6 days ago
- Business
- Barnama
Factory Worker Loses RM210,000 To Fake Investment Scheme Advertised On Facebook
IPOH, July 23 (Bernama) -- A factory worker lost RM210,000 in life savings after falling victim to a non-existent investment scheme advertised on Facebook. The victim, known only as Chan, 47, said he came across the social media advertisement on March 26 promoting a high-return investment opportunity, which prompted him to invest. He later contacted an individual named Linda via WhatsApp, who introduced herself as a remisier or investment intermediary. "The investment seemed legitimate as I was instructed to download the 'Citi CDT' App from the Apple Store. The app verified, and I started by investing RM10,000 on the same day," he said during a press conference at the Perak MCA Building today. Chan went on to make five more transfers between April 2 and April 28 via online banking, cash deposit machines and over-the-counter transactions to four different bank accounts. Chan added that he was later informed he would receive returns of nearly RM1.7 million, but only if he made an additional payment of RM190,472.40, supposedly to release the profits. "After checking with several friends, they told me I had been scammed. I then lodged a police report at the Sungai Senam police station," he said. Meanwhile, Perak MCA Public Services and Complaints Bureau chief Yuen Chan How urged the authorities to conduct a thorough investigation into the case. 'In the past, syndicates would use suspicious links to download fake apps. Now, they're developing legitimate-looking apps that can be downloaded from the Apple Store or Google Play.
