RM2.3 Million Land Purchase Scam Busted

12 February 2007
Kuala Lumpur

A businessman was conned into buying two pieces of land in Hutan Melintang, Perak, from a 38-year-old suspect, nearly losing RM2.5 million in total.

The 48-year-old businessman, a managing director of a company in Seri Kembangan, paid for the first piece of land for RM1.3 million on 9 December 2006.

The 38-year-old suspect allegedly received two separate payments of RM1.3 million and RM1 million from the businessman for two pieces of land in Hutan Melintang, Perak. The suspect offered him another piece for RM6 million three months later.

The businessman agreed to purchase the land and paid the suspect RM1 million as a deposit via the suspect’s lawyer. Only this time, the businessman decided to check with the Perak Land Office and found out that both pieces of land were owned by a rubber company.

A police report was made at the Salak South police station and the suspect has been arrested and remanded until Friday aid investigations.

The suspect’s bank accounts and assets have been frozen under the Anti-Money Laundering Act 2001.

New Straits Times – Almost perfect RM2.5m scam
<URL:http://www.nst.com.my/Current_News/nst/Monday/National/20070212084411/Article/local1_html>

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