- Joined
- Mar 20, 2011
- Messages
- 4,440
- Points
- 0
400 Conned Into Buying Non-Existent Houses Around M¿sian City
Shah Alam (The Star/ANN) - Five property agents have conned at least 400 people into buying non-existent houses priced between 150,000 ringgit (US$49,180) and 280,000 ringgit.
Some of the victims were eventually declared bankrupt by the banks for not settling any of their payment.
Apparently, they had paid about 10 per cent deposit to the property agents and signed the agreement without the presence of lawyers.
Selangor police chief Deputy Commissioner Tun Hisan Tun Hamzah said the victims had booked the houses during a property fair in Kuala Lumpur in 2006.
After waiting for almost six years, he said 138 victims decided to file a report against the agents.
"A check showed that the supposed projects in Meru, Klang and Banting do not exist at the mentioned location," he said yesterday.
The victims had approached the Muslim Consumers Association of Malaysia (PPIM) before lodging reports at eight district police headquarters in Selangor on Sunday.
Police are also investigating the possibility of involvement of parties from local banks suspected of collaborating with the so-called agents.
Tun Hisan said they had identified six banks that had approved loans for the non-existent projects.
"We are investigating if there is any element of forgery," he said.
Police are expecting more victims to come forward to assist them in their investigations.
*US$1=3.05 ringgit
