JOHOR BARU: A 42-year-old woman has lost more than RM670,000 after falling for an investment scam.
Johor police chief Comm Datuk Kamarul Zaman Mamat said that the police received a report about the scam at about 3.15pm on Sunday (July 16).
"The woman came across a post on Facebook offering an opportunity to invest in Bursa Malaysia.
"She was promised returns of RM28,000 a month by scammers.
"Between May 30 and July 11, the victim made a total of 14 transactions amounting to RM672,491 to four different bank accounts," he said in a statement on Mday (July 17).
Comm Kamarul Zaman said that the case is being investigated under Section 420 of the Penal Code where if found guilty, the offender could be jailed for a maximum of 10 years' jail, caning and a fine.
"We urge the public to be careful, especially when it comes to online transactions, to avoid falling prey to such scams.
"They should also check the bank account and phone number of the people they are dealing with using the 'Semak Mule' application," he said.
