At least 20 individuals have reportedly lost over RM15mil in luxury watches after entrusting them to a reseller who failed to return the proceeds from alleged sales.
During a press conference on Thursday (May 15), MCA Public Services and Complaints Department head Datuk Seri Michael Chong said the woman, who operated the shop on a commission basis, began giving excuses—including delayed payments and mental health issues—before closing her shop in March.
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During a press conference on Thursday (May 15), MCA Public Services and Complaints Department head Datuk Seri Michael Chong said the woman, who operated the shop on a commission basis, began giving excuses—including delayed payments and mental health issues—before closing her shop in March.
Read more at https://tinyurl.com/yth7ayuy
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Multiple police reports have been lodged after more than 20 individuals claimed to have lost over 15 million ringgit in luxury timepieces entrusted to a watch reseller.
00:13At a press conference on Thursday, MCA Public Services and Complaints Department head, Datuk Sri Michael Chong, said the victims had consigned their watches to a shop run by a woman who was to earn a commission upon each successful sale.
00:27However, Chong said that issues began to arise in December of the previous year when the woman allegedly informed clients that their watches had been sold but did not return the proceeds.
00:57They got mental problems. As a result, when the victims found that there are so many, not one, so many, then they realised they had all been cheated.
01:07How they found out that this thing had gone wrong is that they suddenly found the shop early March, cross shop.
01:14Individual losses reportedly range from 30,000 ringgit to several million ringgit, with many of the missing watches believed to be from prestigious luxury brands.
01:24One victim, who declined to be named, said he had been dealing with the reseller for over 20 years without issue.
01:32He is now facing losses exceeding 500,000 ringgit, having received neither the timepieces nor any sale proceeds.
01:39Another victim said suspicions arose after learning that the same watch had allegedly been sold to multiple buyers.
01:54one of the partners had been alternatively against the working queries to take place as a woman who completely existed.
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