Retiree loses RM186,000 after 200pct profit promise in investment scam
District police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the 70-year-old victim was lured into a business group via WhatsApp after being enticed by promises of a 200 per cent return on his investment within three months.
"The victim was briefed on how to invest, the required capital, and the projected returns.
"Attracted by the offer, he proceeded to make 14 transactions into five different bank accounts between Jan 25 and April this year," Raiz said in a statement today.
He said the victim was later provided with a link, purportedly to check his profits, which showed a return of RM446,786.89 as promised.
However, he was then instructed to pay an additional RM22,339.34 to "unlock" the funds.
"Feeling something was amiss with the demand, the victim attempted to contact the individual who had introduced him to the scheme but received no response," Raiz said.
The case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of one to 10 years, whipping, and a fine upon conviction.
Raiz urged the public to remain vigilant and not fall prey to offers that appear too good to be true, especially those encountered on social media platforms.
"Always refer to official social media pages such as the Commercial Crime Investigation Department's Facebook, Instagram, and TikTok for information on common scams and fraud tactics," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
21 minutes ago
- New Straits Times
Experts call for balanced child justice system, prioritising rehabilitation with accountability
KUALA LUMPUR: Malaysia's child justice system must prioritise rehabilitation to give young offenders a second chance, but experts say this effort must be paired with accountability measures to prevent bullying from escalating into repeat or serious crimes. Criminal law expert Datuk Shanmugan Ganesan said the Child Act 2001 had rightly placed rehabilitation at the core of dealing with child offenders, yet the current framework risked being inadequate when addressing persistent or severe bullying cases. "While Malaysia's juvenile justice framework as set out under the Child Act 2001 rightly prioritises the rehabilitation of young offenders, there is growing concern that this approach, when applied in isolation, may not be sufficiently effective in addressing persistent or severe cases of bullying. "Bullying has evolved beyond school discipline issues, with elements such as physical aggression, intimidation, extortion and repeated psychological harm increasingly overlapping with offences under the Penal Code and the Communications and Multimedia Act 1998," he said. He added that the system currently relies heavily on counselling, community service and institutional programmes, but these measures often fail to prevent repeat cases, especially when bullying is organised, persistent or gang-related. In some rehabilitation centres, he said, bullying behaviours even continue among the offenders themselves. Meanwhile, Datuk N. Sivananthan said youth justice in Malaysia should strike a careful balance between rehabilitation and punishment, with priority given to helping young offenders reform while still holding them accountable. He said children must not be penalised too early, as this could entrench deviant behaviour and limit their future prospects. "The balance should lean towards rehabilitation first, particularly for young offenders, while still ensuring accountability. "Penalising a child too early risks entrenching deviant behaviour and limiting future prospects," he said. He added that rehabilitation could include counselling, therapy and restorative justice programmes, which allow offenders to acknowledge the harm caused and take steps to repair it. Structured school or community service programmes, he said, could emphasise responsibility without the stigma of incarceration. "Punishment remains necessary in cases of severe or repeated misconduct but should be proportionate and paired with corrective measures. "For example, probation with mandatory counselling can hold a child accountable while equipping them with tools for positive change. "The long-term goal must always be to prevent repeat behaviour and reintegrate the child into society as a responsible individual."
The Sun
21 minutes ago
- The Sun
Johor police near completion of probe into child bullying case
JOHOR BAHRU: Police investigations into the bullying of a 10-year-old boy are nearing completion and will soon be forwarded to the Deputy Public Prosecutor for legal assessment. Johor police chief CP Ab Rahaman Arsad confirmed seven individuals have provided statements regarding the incident that left the child with serious injuries. 'We will first refer to the Deputy Public Prosecutor for views and advice,' he told Bernama, noting prosecutors might request additional investigative steps before finalising the case. The victim suffered a concussion and memory problems after allegedly being bullied at a Skudai national school in February and August last year. His mother filed police reports at Skudai station on 23 March and Larkin station on 15 August regarding the separate incidents. Authorities are investigating the case under Section 323 of the Penal Code for voluntarily causing hurt. Ab Rahaman recently visited the boy at KPJ Puteri Specialist Hospital to demonstrate the police force's commitment to tackling school bullying. The visit also aimed to provide moral support to the victim and his family as they cope with the physical and psychological impact of the alleged assaults. – Bernama
Malay Mail
21 minutes ago
- Malay Mail
Police remands 51-year-old man over TikTok video claiming Zara Qairina's death was murder
KUALA LUMPUR, Aug 19 — Police have remanded a 51-year-old man from August 19 to 21 for allegedly spreading false information on TikTok about the death of student Zara Qairina. The suspect, believed to be behind the account @berjuanguntukzara, was arrested on Monday night. Police also seized a mobile phone said to have been used in the case. The video in question, titled 'Revealing Zara's post-mortem findings', went viral on August 15 and contained an audio recording that described her death as a planned murder. Police said the two-minute clip misrepresented the facts of the ongoing investigation. Police said the case is being investigated under the Sedition Act 1948, Section 505(b) of the Penal Code for statements likely to cause public alarm, and Section 233 of the Communications and Multimedia Act 1998 for misuse of network services. The Attorney General's Chambers has already decided that an inquest will be held into Zara's death, police added. Bukit Aman Criminal Investigation Department director Datuk M. Kumar urged the public not to spread rumours or manipulate facts that could cause fear, disrupt court proceedings or jeopardise investigations. 'Firm action will be taken against anyone found deliberately spreading false information,' he said. Police also reminded the public to verify the accuracy of information found on social media, especially on issues concerning security, harmony and national unity.
