JOHOR BARU: A local man claimed he was cheated out of RM325,811.67 after investing in a fraudulent scheme.
Johor Baru North OCPD Asst Comm Balveer Singh said the 64-year-old victim discovered the scheme on the Iqzan Trading Facebook account this November.
"The victim was enticed by the promise of a 10% daily profit from the amount invested," he said in a statement.
ACP Balveer added that the victim then contacted a nominee, Norhawani, at 018-947 7918.
The victim proceeded to make seven transactions totalling RM325,811.67 from Nov 20 until Dec 22, 2024, to seven different bank accounts.
ACP Balveer stated that the victim only realised he had been scammed after being asked for additional payments and finding the initial investment could not be withdrawn.
He said the police received the report from the victim on Dec 22, and the case is being investigated under Section 420 of the Penal Code.
ACP Balveer reminded the public to be vigilant, especially in financial transactions or job offers when dealing with unknown persons.
The public can also consult Semak Mule, CCID Scam Response Centre at 03-26101559 or 03-26101599.
Scam victims are advised to call the National Scam Response Centre at 997 to report their case.
