S’porean man invests S$368,000 in sports business with Bali woman over 7 months, fears he might have been scammed
The man made police reports in both Singapore and Indonesia.
A Singaporean man in his thirties has invested S$368,000 in a sports business venture with an Indonesian woman over the course of seven months. The man, who plays the sport of padel occasionally, transferred the money to the woman's company in Bali, Indonesia in 84 separate bank transfers between February 2026 and August 2026. The woman, who purportedly operated under a false name, claimed they would share profits 90/10.
However, the man suspects he may have been scammed as 25 of the production batches were never delivered, and only a fraction of the money returned.
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