LTA warns of ‘investment’ scam involving KL-Singapore High-Speed Rail project
SINGAPORE: The Land Transport Authority (LTA) on Wednesday (Oct 11) issued a warning about an investment scam involving the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
Scammers have been using fake documents including contracts, bonds and construction drawings to con people into “investing” in the HSR project, LTA said in a Facebook post.
“If anyone with such documents contacts you to request for a transfer of money, please make a police report immediately,” said LTA.
Images of the fake documents showed a contract for the “construction of railway line in Singapore” claiming to be from the “Land Transport Authority Singapore and Malaysia”.
The Kuala Lumpur-Singapore HSR is expected to contribute S$6.7 billion in gross domestic product to Malaysia and Singapore, as well as create 111,000 jobs by 2060.
LTA announced the formation of a wholly owned subsidiary – SG HSR – last month to implement the project.
Read more at http://www.channelnewsasia.com/news/singapore/lta-warns-of-investment-scam-involving-kl-singapore-high-speed-9300298