MIRI, Oct. 17 -- A man who intended to buy a property for his family has allegedly been cheated out of RM363,887.49 in a non-existent bank auction property deal.

Miri District Police Chief ACP Mohd Farhan Lee Abdullah said in a statement shared on Miri police's official social media page that the 56-year-old victim lodged a police report at Miri Central Police Station on October 15.

According to the police report, the victim had known the suspect for about two years through business dealings and friendship.

"In November 2025, the complainant intended to purchase a house for family use in Kuching. The suspect then allegedly offered five houses in the Taman Abadi area, Kuching, which were claimed to be bank auction houses at prices lower...