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JOHOR BAHRU: A man claims to have lost Ringgit 1.2 million after being misled by a business partner who had invited him to invest in tourism and real estate locally and abroad.
Johor Police Chief Datuk Ayob Khan Mydin Pitchay said the 52-year-old victim who met his business partner in 2019 in Kuala Lumpur, realized he had been misled when the man in his 30s disappeared, causing him to which forced him to file a report at the Johor Jaya Police Station, here on Thursday (April 1).
He said the victim is said to have handed over the money in stages from 2019 to 2020.
“The victim was promised dividend payments, 23.3 percent share ownership and return on invested capital,” he said in a statement today.
Ayob Khan said that so far the individual involved had only misled this victim, but that further investigations would be conducted under Section 420 of the Penal Code.
He called on the public to be cautious before making investment decisions, especially when the investment promises high returns and involves financial transactions. -Named
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