Manager in Pahang loses over RM156,000 from EPF, bank savings to ‘Clearbridgeleader.com’ WhatsApp scam Posted on January 5, 2025 By serv KUANTAN, Jan 4 — A 56-year-old company manager lost RM156,424.73 after falling victim to a fake investment scheme that promised unrealistically high returns. Pahang police chief Datuk Seri Yahaya Othman said the victim was tricked into the scam after being offered an investment opportunity by Clearbridgeleader.com via a WhatsApp group in mid-September. The scheme promised monthly returns of up to 20 per cent for an initial investment of RM10,000 in foreign currency trading. “Believing the offer, the victim made 18 transactions to four different bank accounts between Sept 26 and Dec 18. The scam was exposed when he was asked to pay an additional RM7,000 to withdraw the purported profits,” he said in a statement today. The funds, Yahaya said, came from the victim’s savings and contributions to the Employees Provident Fund (EPF). He urged the public to exercise caution when considering online investments and to verify their legitimacy to avoid falling prey to such scams. — Bernama News
Hunt on for Gigamax investment scammers including six Malaysian crypto ‘finfluencers’ Posted on December 18, 2024 KUALA LUMPUR, Dec 17 — Police are tracking seven individuals, including an Indonesian national believed to be the mastermind behind the Gigamax investment scam which has caused losses exceeding RM7 million. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the Indonesian, known as Awaludin,… Read More
Federal laws take precedence in Sarawak’s oil and gas dispute, experts assert (VIDEO) Posted on November 21, 2024 KUALA LUMPUR, Nov 20 — The federal government’s position on oil and gas (O&G) resources off Sarawak’s shores remains grounded in the Petroleum Development Act 1974 (PDA), which grants Petronas full ownership and exclusive rights to all petroleum resources in Malaysia, both onshore and offshore. This claim has come under… Read More
Selangor Budget 2025: RM34.27m to tackle flood mitigation across key river basins Posted on November 16, 2024 SHAH ALAM, Nov 15 — The Selangor government has allocated RM34.27 million under Selangor Budget 2025 to ensure the effectiveness of flood mitigation project management. Menteri Besar Datuk Seri Amirudin Shari said the river basins involved in the projects included Sungai Klang with an allocation of RM18.7 million, Sungai Langat… Read More