Businessman sinks RM136,000 into bogus road project venture

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SIBU, Oct 4: A 31-year-old businessman claimed to have lost RM136,000 after being duped by a friend into investing in a road construction project in Sabah.

According to the police report, the victim had on Nov 7, 2017, met with the suspect at a coffeeshop, who then offered him the opportunity to invest in the project, in which the profit will be divided equally between them.

Sibu district police chief ACP Stanley Jonathan Ringgit, who confirmed the report, said the victim was asked to pay for the capital to be part of the project so that construction works can start.


He said the victim had allegedly proceeded to pay the suspect RM40,000 cash for the first payment on Nov 9, 2017, and later wired RM20,000 on Nov 10. The victim also transferred RM50,000 on Nov 11 and RM26,000 on Aug 1, 2018, into a RHB Bank account under the name of an enterprise.

“However, up to this day, the victim has yet to receive any profit gains from the project. Moreover, the suspect always cannot be found and gave all sorts of excuses,” the Sibu OCPD added.

“The victim became suspicious and carried out a check with a transport company said to be undertaking the project and discovered the road construction project was not done by the suspect,” he continued. — DayakDaily