MUAR: A 57-year-old man poured around RM111,000 of his savings into an investment scheme only to find out that he had been scammed.
Muar OCPD Asst Comm Raiz Mukhliz Azman Aziz said the victim came across a Facebook advertisement for an investment opportunity in March and was attracted by the promise of 20% returns within two months.
“The victim was also approached by an individual who convinced him to invest in the scheme.
“He agreed to it and gave his particulars to the individual to register for the investment,” said ACP Raiz Mukhliz in a statement on Wednesday (June 26).
The victim then followed the individual’s instructions by transferring money into five different bank accounts of companies starting March 19 until April 29.
“When the individual asked the victim to invest more money, he started feeling suspicious and declined the request.
“He lodged a police report on Tuesday (June 25) when he realised that he had not received any profits from the alleged investment,” he said, adding that the case was being investigated for cheating under Section 420 of the Penal Code.
Those who experience any irregularities in their bank accounts or suspected fraudulent activity should immediately contact the 24-hour case management, digital support hotline at 03-2177 3555 or the National Scam Response Centre at 997 between 8am and 8pm daily.
