09-05-2025
Retiree loses RM102k in bogus investment scheme in Johor
KULAI: A 63-year-old retired private sector employee became RM102,000 poorer after falling victim to a bogus share investment scheme that promised quick and high returns.
District police chief Assistant Commissioner Tan Seng Lee said the woman was lured into the scam through an offer guaranteeing returns of 10 to 20 per cent on her investment within just three days.
The syndicate told her that the profits would be credited into her account on a global investment platform.
She proceeded to make eight transactions totalling RM102,000 into a bank account between March 19 and April 23.
"She was later shown a balance of RM170,000 on the application but was unable to withdraw it.
"Instead, she was told to invest another RM40,000 to access her 'profits'," Tan said in a statement today.
Suspecting she had been duped, the woman lodged a police report yesterday.
Police are investigating the case under Section 420 of the Penal Code for cheating, which carries a jail term of up to 10 years, whipping, and a fine upon conviction.
Tan urged the public to remain cautious of investment offers that promise unrealistic returns and to verify them through official platforms such as the National Scam Response Centre (NSRC), CCID Infoline, Semak Mule, or the police's official Facebook page.
