Report to the police and his bank along with some proof of your transaction with him.

Just show the officer the SMS, and note down that a$$hole'$ h/p number in your report. Since this guy is technically conducting "business and trading" without a license, report him to Ministry of Domestic Trade as well. I believe the ministry has a tribunal to help with small claims.

Ministry is in Lot 2G3, Precint 2, 62623 Putrajaya.

Yes, just make report to all concerned. It's worth a try. Otherwise, your money is considered burned, as far as I can tell. I mean, look at the Fairus case!

Well, put it this way. The police will be able to trace him through his mobile number and/or bank account, if they think there's a valid case. It's up to you to convince them.