KUALA TERENGGANU: A trader lost RM500,000 after falling victim to a non-existent resort development project investment scheme.
Kuala Terengganu district police chief Asst Comm Azli Mohd Noor said on Aug 23, 2020, the 44-year-old trader was offered the opportunity by a company to join a collaborative effort to develop a resort in Pulau Perhentian.
He said the victim, from Marang, was promised an annual return of RM394,020 if he joined the investment with a capital of RM500,000.
“The victim agreed and transferred the payments for the capital in stages until the full sum was deposited,” he said in a statement yesterday, Bernama reported.
ACP Azli said the victim waited several years but never received the profits he was promised, while a female suspect, who initially introduced herself as “Janah”, could not be contacted.
