09-05-2025
Kulai retiree loses more than RM100,000 to investment scam
KULAI: A retiree here claims to have lost RM102,000 after being cheated by a syndicate into joining a non-existent investment scheme.
Kulai OCPD Asst Comm Tan Seng Lee said the 63-year-old woman was attracted to the profit of between 10% and 20% within three days after investing in the scheme.
'She was promised that the profit will be credited into her 'Philip Global Wraps (PGW)' account,'' he said in a statement Friday (May 9).
ACP Tan said the victim made eight transactions amounting to RM102,000 into a single local bank account between March 19 and April 23, this year.
He said upon completing the transactions, the victim checked her PGW account and found that she had made a profit of RM170,000 as displayed on the screen.
'She wanted to withdraw the profit but was instructed to bank in an additional amount of RM40,000,'' added ACP Tan.
He said that the victim only realised she was cheated after failing to withdraw the sum and lodged a police report on Thursday (May 8).
The case is being investigated under Section 420 of the Penal Code.
ACP Tan reminded the public to be alert and careful especially in matters involving financial transactions when dealing with unknown persons.
The public can also can go to Semak Mule, CCID Scam Response Centre at 03-2610 1559 or 03-2610 1599 or visit the Facebook pages at or
Scam victims are also advised to call the National Scam Response Centre at 997 to report their case.
