Company director loses RM1.25mil in love scam

  • 3 months ago
Police say the 60-year-old woman was asked by her ‘lover’ to send the money to help him bid for a project by an oil and gas company.


Read More:
https://www.freemalaysiatoday.com/category/nation/2024/07/13/company-director-loses-rm1-25mil-in-love-scam/

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Transcript
00:00A company director has lost RM1.25 million after falling victim to a love scam syndicate.
00:09Bukit Aman Commercial Crime Investigation Department Director Ramli Yusuf said the 60-year-old
00:14woman had met a man on Facebook, adding that he had claimed he was a Singaporean living
00:19in the United Kingdom, Sinar Harian reported.
00:23He said the man had arranged to meet the director, saying he was coming to Malaysia to bid for
00:27a project from an oil and gas company.
00:31He added that the man asked the woman to lend him a large sum of money to bid for the project,
00:35promising that it would be returned.
00:38The victim then made 11 cash transfers worth a total of RM1,256,000 to two bank accounts,
00:45it was reported to have said.
00:47He added that the case was being investigated under Section 420 of the Penal Code for cheating
00:52and dishonestly inducing delivery of property, which is punishable with imprisonment from
00:571 to 10 years, whipping and a fine.

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