A 73-year-old man in Ipoh lost RM158,000 in a phone scam where callers impersonated an insurance agent and police officers. The victim was told he was under investigation for money laundering and pressured to transfer money to avoid arrest. He made 12 transactions to different accounts before realizing the scam and reporting it to police. Authorities have opened an investigation and are tracking the suspects. Police warn the public to be cautious of unsolicited calls demanding payments, as legitimate agencies never ask for money or banking details over the phone.
