Hardware trader loses RM703,000 to Facebook scam, police launch investigation

Hardware trader loses RM703,000 to Facebook scam, police launch investigation

SEREMBAN, June 18 — A hardware trader has lost over RM703,000 after falling prey to a fraudulent business scheme advertised on Facebook last month.‍

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Local

SEREMBAN, June 18 — A hardware trader has lost over RM703,000 after falling prey to a fraudulent business scheme advertised on Facebook last month.

According to Nilai police chief Superintendent Abdul Malik Hasim, the victim — a local man in his late 30s — said he became acquainted online with a woman, believed to be from China, on May 15. She introduced him to a website called Yoox-Shopping and proposed a business collaboration, urging him to set up an online store on the platform.

“The victim was then instructed to make multiple fund transfers to enhance the store’s ratings,” Abdul Malik said in a statement. In total, he made 27 transactions into 10 different bank accounts, amounting to RM703,337.41.

The man only realised he had been scammed when he was asked to transfer an additional RM300,000 to supposedly unlock the profits.

He has since lodged a police report, and the case is being investigated under Section 420 of the Penal Code for cheating. — Bernama

The public can report scam-related incidents by calling 997, the National Scam Response Centre's emergency hotline. — Photo by Firdaus Latif

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