Malaysia

Cops detect ‘Islamic’ investment scams using photos of famous figures

Such schemes led to over RM5.4 mil in losses from 2020 till last month, say police

Updated 2 years ago · Published on 24 Jun 2023 9:11PM

Cops detect ‘Islamic’ investment scams using photos of famous figures

KUALA LUMPUR – Bukit Aman’s commercial crime investigation department has detected investment scams that claimed to be Islamic and shariah-compliant advertised through social media platforms using pictures of famous individuals.

Federal police secretary Datuk Noorsiah Saaduddin said throughout 2020 until last month, police investigated a total of 186 cases related to these investment fraud schemes involving a total loss of RM5,411,571.61.

According to her, the schemes offer a profit of up to 50 times the value of the money invested with the returns said to be paid as early as three hours after the investment is made.

“… The advertisements also use pictures of famous individuals including politicians, religious leaders, celebrities, corporate figures, and social media influencers believed to be aimed at attracting the attention of investors.

“Investigations found that the individuals shown were not involved in the investment scheme and never gave permission for their photos to be used,” she said in a statement today.

Noorsiah confirmed that several prominent individuals have lodged police reports regarding the misuse of their photos by investment scammers.

She advised the public to always be vigilant and never be influenced by investment schemes that offer lucrative returns, adding they should do a detailed check before participating in any such scheme.

“Get more information from official sources such as the Semak Mule portal, the Bank Negara Malaysia alert list, and the Securities Commission before deciding to participate in a dubious investment scheme,” she added. – Bernama, June 24, 2023

Related News

Malaysia / 1h

Southeast Asia’s booming scam industry eyes Malaysia

Malaysia / 1mth

Miri man loses over RM257k in online investment scam

Malaysia / 1mth

Retired teacher loses over RM160,000 in phone scam

Malaysia / 2mth

Doctor loses RM3.8m to IPO fraud syndicate

Malaysia / 3mth

56-year-old man loses RM1.5m to female actress in Selangor land scam

Malaysia / 3mth

Private sector worker loses over RM600k after being duped into non-existent investment

Spotlight

Malaysia

Former head of a ministry's corporate communications unit acquitted of bribery charge

Malaysia

Two sisters die trapped in Johor house fire as escape routes cut off by flames

Malaysia

NS election speculation intensifies as Aminuddin granted audience with state ruler

Malaysia

Teenager who drove recklessly, causing death remanded for further investigation

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia

Family of five killed as car crashes into water pipe in Serian

Malaysia

'I was once spat on by a pakcik' — Marina denies fear of contesting Malay-majority seats

Malaysia

Jewellery shop among six premises destroyed in fire (video)

You may be interested

Malaysia

Police confirm mystery of Jaslinda's disappearance has no criminal element

Malaysia

Tourist claims he was locked in car, threatened to pay RM300 from KLIA T2 to T1

By Alfian Z.M. Tahir

Malaysia

Anwar vows further cost-of-living relief as Govt balances reforms with economic stability

Malaysia

Miri woman’s fabricated armed robbery claim unravels after police find no evidence of crime

Malaysia

Speaker submits notice of dissolution of Johor DUN to EC

Malaysia

Chinese national identified as organiser of drug-fuelled party raided in KL hotel

Malaysia

Fadillah warns of finite fossil fuels, global volatility and rising demand

Malaysia

JPJ probes couple ‘manja’ incident in car, summons to be issued (video)