Terengganu Pensioner Loses RM94,463 in Telegram Investment Scam

Terengganu Pensioner Loses RM94,463 in Telegram Investment Scam
Terengganu Pensioner Loses RM94,463 in Telegram Investment Scam

KUALA TERENGGANU: A 59-year-old government pensioner lost RM94,463 after falling prey to an online investment scam syndicate operating through the Telegram application.

Scam Began with Telegram Advertisement

According to Kuala Terengganu police chief ACP Azli Mohd Noor, the victim, a resident of Batu Rakit in Kuala Nerus, encountered an investment advertisement on Telegram on August 14. He was instructed by the suspect to register on an investment website.

The pensioner initially invested RM200 and saw rapid increases in the displayed profits within his account. Encouraged by the false gains, he proceeded to invest a total of RM94,263 across six different accounts between August 14 and 17.

Victim Realised Fraud After Failed Withdrawal

The scam came to light when the victim was unable to withdraw money from the investment account. Realising he had lost his pension savings, he lodged a police report at 8.17 pm on August 18.

Investigation Underway

ACP Azli confirmed that the case is being investigated under Section 420 of the Penal Code for cheating. Police have urged the public to remain cautious of online investment offers, especially those circulating on social media and messaging platforms like Telegram.

Comments

Post a Comment

Popular posts from this blog

What Investors Can Learn from Kewal Ahuja’s SGF Franchise Collapse

Image
What Investors Can Learn from Kewal Ahuja’s SGF Franchise Collapse The collapse of SGF India under Kewal Ahuja has become one of the most talked-about franchise failures in recent years. For many investors, the promises made by Kewal Ahuja and his team turned into disappointment, unpaid dues, and legal struggles. The story of SGF India is more than just one brand’s downfall — it is a warning for anyone planning to invest in a franchise. The FOCO Model Promoted by Kewal Ahuja Kewal Ahuja marketed SGF India through a FOCO (Franchise Owned, Company Operated) model. Investors were promised that they would own the outlets while the company would manage daily operations and guarantee a fixed return of ₹37,500 every month. Many were convinced by Kewal Ahuja’s polished sales pitches and the brand’s rapid expansion. Unfortunately, the reality was very different — stores struggled, payments stopped, and investors were left with heavy losses. Financial Red Flags Under Kewal Ahuja’s Lead...
Read more

Franchise Mirage: The Rise and Fall of SGF India Under Kewal Ahuja

Image
The Rise and Fall of SGF India Under Kewal Ahuja Franchising in India has long been seen as the golden bridge between entrepreneurship and financial stability. For aspiring business owners, especially during economic downturns, franchise models offer the security of an established brand and proven business systems. Among the brands that once shone brightly was SGF India (Spice Grill Flame) —a vegetarian QSR chain that rapidly gained attention under the leadership of Kewal Ahuja . But behind its meteoric rise was a troubling story of mismanagement, broken promises, and investor distress. This article delves into the SGF franchise controversy, examining how a brand once filled with promise came crashing down, and the lessons entrepreneurs must learn from the Kewal Ahuja SGF saga.   The Allure of the SGF Franchise Model SGF India positioned itself as a fast-growing vegetarian food brand, entering the franchise market with two compelling models: FOFO (Franchise-Owned, ...
Read more

Franchise Failure Under Kewal Ashwani Ahuja: The Troubled Story of SGF India

Image
Franchising is often seen as a secure entry into entrepreneurship—leveraging established brands and ready-made systems. SGF India, a vegetarian fast-food franchise, sold that very promise to hundreds of investors. Marketed as a revolutionary business model offering high returns with minimal involvement, SGF India became a popular option, especially during the COVID-19 pandemic. But behind the marketing sheen was a troubling story—one that centers on alleged misrepresentation, financial irregularities, and the leadership of Kewal Ashwani Ahuja , SGF’s Managing Director. Kewal Ahuja SGF The Dream That Was Sold SGF India positioned itself as a passive income-generating opportunity using the FOCO (Franchise-Owned, Company-Operated) model. The franchise pitch was compelling: investors would fund the outlet, while SGF handled operations, guaranteeing monthly returns. Under the leadership of Kewal Ashwani Ahuja , the company expanded rapidly, drawing in doctors, retirees, homemakers, and wor...
Read more