ALOR GAJAH: A retired school teacher lost over RM1.22mil after being duped into joining a non- existent investment scheme through a WhatsApp group.
Alor Gajah police chief Supt Arshad Abu said the woman, in her 70s and whose address is listed as Durian Tunggal, joined the Kumpulan Bursa Saham last September that offered guidance on stock selection on the stock exchange market.
“On Oct 30, 2023, it was proposed that she join the gold and bitcoin investment scheme which promised lucrative returns. She was then given a link to register.
“She made 29 investment transactions from her retirement savings into the suspect’s eight bank accounts, totalling RM1,223,033 between Sept 14 and Dec 22, 2023,” he said in a statement yesterday.
Arshad said the woman was then not allowed to withdraw any of the profits made and was promised a maximum profit return of 30 times the amount of investment made, Bernama reported.
He said the woman, upon realising she had been duped, lodged a report at the Melaka Police Headquarters on Thursday, adding that the case is being investigated under Section 420 of the Penal Code for cheating.
He advised the public to immediately contact the National Scam Response Centre at 997 for swift action to be initiated.
