Thursday, February 2, 2023

M’sian billionaire got scammed out of RM21 million, is the largest fraudulent case targeted at a single person ever

Social NewsM'sian billionaire got scammed out of RM21 million, is the largest fraudulent...

Everybody has an equal opportunity to fall for a scam, despite their social levels and experience, and it appears that scammers had really hit the jackpot with this victim.

Recently, it was reported that a billionaire in Malaysia was scammed out of RM21 million in 5 months by scammers who pretended to be officials.

According to China Press, the victim is from Penang and is the founder of a domestic energy company. He also has a net worth of over 100 million.

Meanwhile, the police have also confirmed the case and revealed that the victim is 63 years old and is retired.

The scam started in November 2021 when a scammer called the victim, claiming to be an official from the bank. The scammer then told the victim that his credit card which was registered with the bank was suspected of being involved in illegal activities.

Of course, the victim denied the accusations. However, the scammer was not giving up and they forwarded the call to another ‘official’ who claimed to be from Bank Negara Malaysia (BNM). The victim then assisted them in their ‘investigation’ and revealed some of his personal information.

Source: BNM

In January 2022, the scammer contacted the victim again and this time, he asked for his bank Transaction Activation Code (TAC) for the ‘investigation’.

As the victim still thinks it was an ‘official’ business, he shared his TAC number with them. However, it all ended in April this year when the victim checked his bank accounts.

To his surprise, 2 of his accounts had been frozen by the bank and when he investigated further, he realised his money had been transferred out of the two accounts to other unknown accounts.

The transfers took place since the end of 2021 and lasted until April 2022 and it is estimated that the billionaire lost about RM21 million in total. A police report was lodged following the incident.

However, a source told the press that the victim had been warned by a bank staff but he still proceed with sharing the TAC number. The staff suspected that he was being tricked with the ‘Macau scam’.

However, the man did not believed it and questioned the staff back, “Who said I’m being deceived? You are.”

The police said the case is being investigated under Section 420 of the Penal Code. However, this is apparently the largest fraudulent case targeted at a single person so far.

This serves as an important lesson for all, be wary when you received calls from unknown numbers and never share your personal details. You may put yourself in danger.

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