12 hours ago
Sibu undergrad loses more than RM100,000 to bogus online investment scheme
SIBU: A university student in his twenties lost RM100,400 after falling victim to a bogus online investment scheme that promised high returns in a short period.
Sibu OCPD Asst Comm Zulkipli Suhaili said the victim lodged a police report upon realising he had been scammed by an investment syndicate operating through the WhatsApp platform.
"Preliminary investigations revealed that the victim was lured by an investment advertisement under the name Homin International Finance Academic (HIFA), which he came across on Facebook on May 1.
"He gave his phone number via the link provided in the advertisement and was subsequently contacted and added to a WhatsApp group," he said in a statement on Thursday (June 19).
According to Zulkipli, the group administrator provided investment-related instructions and guidance, including sharing screenshots and testimonials allegedly from other investors who had gained substantial profits.
"Unaware of the fraudulent tactics, the victim proceeded to make seven bank transfers amounting to RM100,400 into five different local bank accounts," he said.
He had borrowed the money from his friends and aunt.
He added that the victim only realised he had been conned after his aunt raised concerns about the investment—particularly after he had approached her for a loan.
An investigation paper has since been opened under Section 420 of the Penal Code for cheating.
Zulkipli also urged the public to remain cautious of investment schemes that offer unrealistic returns within a short timeframe.
"The public is encouraged to verify the legitimacy of investment companies via Bank Negara Malaysia's official website at or the Securities Commission Malaysia at
"Further checks can also be carried out using the Investment Checker application or by visiting he added.
For more information or assistance related to fraud, the public may contact the National Scam Response Centre (NSRC) by dialling 997, or follow updates via Facebook at @CyberCrimeAlertRMP and @JSJKPDRM.
