fbpx
Connect with us

News

Five Telco Companies Investigated By MACC For Stealing Prepaid Credit Worth RM100 million in The Last Decade

Published

Sms Fraud
Source: Sinar Harian & Business Insider

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

As reported by Harian Metro, a total of five telecommunication companies are currently being investigated by the Malaysian Anti-Corruption Commission (MACC) for being involved in a large-scale syndicate scam.

MACC revealed that almost 100 content providers have been actively stealing prepaid credit from their customers, with over RM100 million being stolen in the last decade.

The scam involves these content providers bribing telecommunication company ‘insiders’ RM100,000 to RM200,000 per person for users’ personal data, before sending various SMS messages to victims.

Each ring tone, wallpaper and interactive game sent via SMS to victims contain hidden charges, where RM0.50 to RM5 will be deducted from the customers’ prepaid credit. Sometimes, customers are even charged without receiving any SMS content at all.

Telco1As 1606521753

“Among the positions identified as accepting this bribe are payment process managers, budget coordinators, exclusive content providers, governance providers, product managers and project leaders and various other important positions.

“So far, five telcos have been investigated and a thorough investigation will be conducted into more communications companies that are believed to be colluding with these content providers,” he said.

886452

Since investigations into this large-scale syndicate scam started in March, up to six individuals have been remanded to assist MACC in this case.

Two individuals, including a telco chief technology officer, were arrested on November 11 on suspicion of receiving bribes and sharing customers’ personal information. Another telco official was remanded on November 10 under the same suspicions.

Three company directors were also remanded under the suspicion that they were giving the bribes and using this SMS method to scam users.

This case is being investigated under Section 16 of the MACC Act 2009.

 

Also read: Macau Scam: Prime Suspect Who Fled MACC Denies All Allegations of The Crime In An Online Video

Page 83

Source: Harian Metro
Source: Sinar Harian


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Feat Image New Fuel Mechanism Feat Image New Fuel Mechanism
News8 hours ago

“BMW can’t get the same subsidies as Kancil”, Govt To Introduce New Targeted Fuel Mechanism

Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali has announced that the federal government is...

My Post 2022 05 20T145347.412 My Post 2022 05 20T145347.412
News1 day ago

Johor Experiences Shortage In Nurses As They Prefer Working In Singapore For Better Salaries

It appears that Johor is having a severe shortage of nurses, leading the state government to arrange for a meeting...

Ft Parlimen Ft Parlimen
News1 day ago

“Parliament proceedings are toxic & like pasar malam” – Ex Parliament Speaker Recalls His Experience

Parliament is a place intended for our representatives to debate on reforms and important issues. However, in Malaysia, there appears...

Ft India Ft India
News2 days ago

Space Debris Mysteriously Found in 3 Areas in India, Suspected to be From Chinese Rocket

Although it is rare to get hit by space debris, it appears that it is becoming a regular occurrence in...

My Post 2022 05 19T131546.749 My Post 2022 05 19T131546.749
News2 days ago

PDRM On Lookout For BMW Driver For Braking Abruptly Several Times To Purposely Bother Other Drivers

The police are currently in the process of tracking down the driver of a white BMW, after the driver was...

Ft Swallow Ft Swallow
News3 days ago

UK Single Mother Forced to Undergo Surgery After Accidentally Swallowing a Covid-19 Swab Test

We often hear of people swallowing things which they are probably not meant to, such as coins, nails and even...

Ft Database Ft Database
News3 days ago

Another Database Allegedly Leaked & on Sale For Almost RM44,000, Has Information on 22.5 MILLION M’sians

Just 8 months ago 2 huge database were put up for sale on a well-known marketplace forum. One of the...

Plastic Bag Charge All States Plastic Bag Charge All States
News3 days ago

Minister: All States Agree On Min. RM0.20 Pollution Charge Per Plastic Bag To Combat Single Use Plastic

We use a lot of plastic bags in our daily life, especially when we tapau lunch or go to get...

Announcement

Latest Videos



TRENDING TODAY