Latest news with #339.34
New Straits Times
08-05-2025
- New Straits Times
Retiree loses RM186,000 after 200pct profit promise in investment scam
MUAR: A retiree's dream of doubling his savings turned into a nightmare when he lost RM186,800 in a non-existent investment scheme he discovered through social media. 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.
The Star
07-05-2025
- The Star
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.
