70-year-old man loses over RM180,000 to online investment scam
MUAR: A retiree claimed to have lost RM186,800 of his savings after being duped into joining an online investment scam.
Muar OCPD Asst Comm Raiz Mukhliz Azman Aziz said the 70-year-old local man had, in December 2024, clicked on an advertisement on Facebook for the bogus investment scheme.
He said the victim was added to a WhatsApp Business Group and was briefed on the so-called investment procedures.
'He was promised 200% profit from the amount invested within three months,'' ACP Raiz Mukhlliz said in a statement on Wednesday (May 7).
Attracted to the offer, the unsuspecting victim made 14 transactions amounting to RM186,800 into five different bank accounts between Jan 25 to April 25, 2025.
ACP Raiz Mukhliz said the victim had checked a link to the website given to him and found that he had made a profit of RM446,786.
'However, he was instructed to bank in RM22,339.34 for wanting to withdraw the RM446,786,'' he said.
ACP Raiz Mukhliz added that the victim became suspicious after failing to contact the person who had introduced the investment scheme to him.
The case is being investigated under Section 420 of the Penal Code for cheating.
ACP Raiz Muhkliz reminded the public to be alert and careful, especially in matters involving financial transactions, when dealing with unknown persons.
The public can also go to Semak Mule, CCID Scam Response Centre at 03-26101559 or 03-26101599 or go to Facebook @jsjkpdrm and @cybercrimealertrmp
Scam victims are advised to call the National Scam Response Centre at 997 to report their case.
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