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Company director loses RM1.25mil in love scam
Free Malaysia Today
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7/13/2024
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/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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#FMTNews #RM1.25Million #LoveScam
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Transcript
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00:00
A company director has lost RM1.25 million after falling victim to a love scam syndicate.
00:09
Bukit Aman Commercial Crime Investigation Department Director Ramli Yusuf said the 60-year-old
00:14
woman had met a man on Facebook, adding that he had claimed he was a Singaporean living
00:19
in the United Kingdom, Sinar Harian reported.
00:23
He said the man had arranged to meet the director, saying he was coming to Malaysia to bid for
00:27
a project from an oil and gas company.
00:31
He added that the man asked the woman to lend him a large sum of money to bid for the project,
00:35
promising that it would be returned.
00:38
The victim then made 11 cash transfers worth a total of RM1,256,000 to two bank accounts,
00:45
it was reported to have said.
00:47
He added that the case was being investigated under Section 420 of the Penal Code for cheating
00:52
and dishonestly inducing delivery of property, which is punishable with imprisonment from
00:57
1 to 10 years, whipping and a fine.
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