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A MAN lost RM478,093 after being deceived by a fraud syndicate involving a non-existent loan offered by a woman.
Kulai District Police Chief Assistant Commissioner Tan Seng Lee said the 37-year-old victim lodged a police report yesterday after realising he had been cheated when applying for a loan of RM500,000.
He said the victim, who lives in Bandar Putra Kulai, claimed that the woman asked him to pay a sum of money to apply for a loan with 191 payment transactions deposited into a bank account between June 30, 2025 and February 16.
"The payment was made on the instructions of the suspect, supposedly as payment for CTOS, the Inland Revenue Board, stamps and documentation to approve the loan," he said in a statement.
Tan said the victim realised he had been scammed when he found that no loan application had been made in his name after checking with the bank.
He said the case was being investigated under Section 420 of the Penal Code. – June 3, 2026
