KUALA LUMPUR: Multiple police reports have been lodged after at least 20 individuals claimed to have lost over RM15mil in luxury timepieces to a watch reseller.

MCA Public Services and Complaints Department head Datuk Seri Michael Chong said clients had entrusted their watches to a shop operated by a woman, who would earn a commission once a sale was made.
However, Chong said problems began to surface in December last year, when the woman allegedly informed clients that their watches had been sold but failed to return the proceeds.

"She gave numerous excuses, ranging from delayed customer deposit payments to claiming she was suffering from mental health issues.
"This led many frustrated victims to visit her shop, only to find its doors shuttered since March this year," he told reporters during a press conference at Wisma MCA on Thursday (May 15).

honestly running a legit business in this country is tough, you get bogged down by taxes, audits, competition..etc. jilake declare less taxes they come after you immediately but when there are criminal / fraud cases it takes them forever to take action. It is no wonder why so many would rather scam others, it's just much easier since enforcement is lax.