MIRI: A local man’s attempt to secure a RM30,000 loan ended in disappointment after he lost RM8,100 to a non-existent loan scam.
The victim, who is in his 20s, initially discovered an advertisement on Instagram offering money loans from a purported financial institution.
According to Miri OCPD ACP Alexson Naga Chabu, the victim had entered into an agreement with the suspect to obtain the loan.
However, the suspect demanded various advance payments, including processing fees, confirmation fees, stamp duty, and other charges.
“As instructed, the victim transferred a sum of RM8,100 via five transactions into two third-party accounts provided by the suspect.
“He realised that he had been deceived when the suspect asked for additional payments without delivering the promised loan amount,” he said.
The man promptly reported the incident to the police last Friday (Mar 15) and the case is being investigated under Section 420 of the Penal Code.
In view of this, Alexson urged the public to exercise caution and verify the legitimacy of online loan offers and other financial transactions.
He added that vigilance and due diligence are important when engaging in such matters to prevent falling victim to scam.
