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RM327,000 Phone Scam: Malaysian Company Loses Money to Fake Director

A Malaysian company lost RM327,000 after a caller posed as its director on the phone. Call 997 and your bank fast.

Ringgit2U · 6 cards · 2 min read
Office phone on a desk representing a phone scam that cost a Malaysian company RM327,000
ENBM中文
  1. A desk phone on an office desk
    01/06

    Company loses RM327,000 to fake director phone call

    A caller impersonated a company director and got a bank transfer authorised. The loss: RM327,000.

    Photo: Jeffrey Betts / CC0 1.0
  2. 02/06

    What the scam cost

    *** Your receipt ***
    LossRM327,000
    MethodPhone call
    Impersonated roleCompany director
    VictimMalaysian company
    ringgit2u.com · Today

    One phone call was enough to move the money out of the company account.

  3. 03/06
    Caller's claimSpeaking as the company director
    The truthFraudster. RM327,000 transferred without real authorisation.Fact

    The call vs the reality

    The caller sounded like the boss. The transfer was never actually authorised by that person.

  4. 04/06
    An office worker holding a phone at a desk

    The transfer went through on one call

    Someone at the company followed a phone instruction and pressed send. That is the gap the scammer exploited.

    Photo: Kristin Hardwick / CC0 1.0
  5. 05/06
    • Call 997 (NSRC) immediately
    • Contact your bank the same minute
    • Do not trust one phone call for any transfer

    If a transfer call comes in

    The National Scam Response Centre and your bank can freeze the money. Speed matters.

  6. 06/06Bottom line

    Verify before you transfer

    RM327,000 moved on one phone call. If the instruction came by phone, call back on a known number before sending anything.

Questions people ask

What to do if you receive a phone call asking for a bank transfer?

Call the National Scam Response Centre at 997 and contact your bank immediately. The faster you report, the better the chance of freezing the money.

How quickly should I report a phone scam transfer?

As fast as possible. Call 997 (NSRC) and your bank the same minute. The NSRC can help freeze the transfer before the money moves further.

Can a phone call from someone claiming to be a boss authorise a transfer?

It should not. Verify any transfer instruction by calling the person back on a known number or confirming in person before sending money.

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