Man loses RM363,887 in alleged fake bank auction property scam in Miri
MIRI, Oct 17 — A man who intended to buy a property for his family has allegedly been cheated out of RM363,887.49...
Miri, October 17 — A 56-year-old man allegedly lost RM363,887.49 in a fraudulent bank auction property scam in Miri. The victim approached the suspect, whom he knew for two years through business dealings, seeking to purchase a house for his family in Kuching, according to Miri District Police Chief ACP Mohd Farhan Lee Abdullah.
The suspect allegedly offered five houses in Kuching's Taman Abadi, claiming they were bank auction properties at reduced prices. The victim made multiple payments between November 2025 and January 2026 for the transactions, including deposits, land surveying fees, and contributions to Inland Revenue Board (LHDN) matters. However, the suspect failed to complete the purchases, and the victim never received official documents confirming ownership of the houses, despite repeatedly contacting the suspect for clarification.
Police are probing the case under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing the delivery of property. The police urge the public to be wary of property offers at unrealistically low prices, verify property statuses through official channels, consult experienced lawyers, and avoid transferring money to third-party accounts without proper verification.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
