By DayakDaily Team
KUCHING, April 4: A company director lost RM5.5 million after trusting an unlicensed foreign exchange dealer from Miri, who allegedly scammed him through multiple transactions.
According to a Bernama report, the 42-year-old victim reported to the Selangor Commercial Crime Investigation Department that he had been involved in a currency exchange transaction between Malaysian Ringgit and Vietnamese Dong to pay wages and cover other company expenses in Vietnam.
Selangor police chief Datuk Hussein Omar Khan stated that investigations revealed that the victim had initially worked with a man from Miri, who had successfully completed smaller transactions in the past.
“However, in late March, the victim transferred RM6.5 million for a large exchange but only received Vietnamese Dong equivalent to RM900,000. The victim conducted 15 transactions across seven separate accounts,” he said in a statement last night (April 3).
Hussein explained that the victim eventually realised he had been scammed after the suspect provided multiple excuses and avoided paying the remaining balance.
The case is now being investigated under Section 420 of the Penal Code for cheating.
Hussein urged the public to exercise caution when engaging in foreign currency exchanges and to ensure they are dealing with licensed foreign exchange companies registered with Bank Negara Malaysia. — DayakDaily
