A 37-year-old oil and gas consultant in Ipoh lost RM2.7 million after investing in a fraudulent online scheme called “Nova 88,” which he joined through an acquaintance’s recommendation. Between January and May 2024, he made 136 payments but could not withdraw any profits, instead being asked for more payments. The acquaintance has since become uncontactable. Perak police chief Datuk Noor Hisam Nordin advised the public to avoid unverified investment sites and check companies with Bank Negara or the Securities Commission before investing. The case is under investigation for cheating under Section 402 of the Penal Code.
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