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KUCHING, July 12: A technician lost about RM1 million to an investment scam allegedly endorsed by Bursa Saham Malaysia which was promoted on YouTube.
Sarawak Police Commissioner Dato Mohd Azman Ahmad Sapri said the victim, in his early 60s, was drawn to an investment scheme promoted on YouTube in early April this year.
“Intrigued, he clicked on the link attached and filled in his mobile number.
“The victim then received a message through WhatsApp from a woman known as Cindy who added him into a chat group with around 60 to 70 members,” he said in a statement today.
The victim was enticed with promises of significant profit from the investment and was directed to download the Barings application from a link (https://app.skgodjf.com).
He proceeded to register all his personal information on the app to participate in the investment scheme.
Within two months from early May until July, the victim deposited money via 25 transactions totalling RM1.1 million, into five different bank accounts.
He only received two investment returns amounting to RM16,000.
“As such, the total loss suffered by the victim is about RM1 million. The victim realised he was scammed and subsequently lodged a police report,” Mohd Azman explained.
Mohd Azman reiterated the importance of investing solely through platforms registered with Bank Negara Malaysia and Malaysia Security Commission.
Additionally, the public is advised to seek financial advice from registered agents before making any investments.
To avoid falling prey to scams, individuals are urged not to click on unfamiliar links or download unknown APK files.
Furthermore, it is essential not to trust investment opportunities promising high returns in a short period.
“Avoid transferring money to bank accounts unrelated to the investment and conduct thorough checks on company names and online portals,” Mohd Azman urged.
To verify permitted and approved entities, refer to www.bnm.gov.my or contact Bank Negara Malaysia at 1-300-88-5465, as well as check with www.sc.com.my or contact the Malaysia Security Commission at 603-62048999.
In the event of becoming a victim of cyber crimes, such as phone scams, love scams, e-commerce scams, or fake loans, individuals can reach out to the National Scam Response Centre (NSRC) at 997. If a monetary transaction has been recently completed through a bank account or e-wallet, immediate action is advised. — DayakDaily
