Lure of big returns leads to RM500,000 loss

Disgruntled lot: Musa (left) and representatives from Malaysia International Humanitarian Organisation accompanying the victims after lodging reports at the Sentul district police headquarters, Kuala Lumpur.

KUALA LUMPUR: Coffee shop operator Tan was suffering from a drop in business during the movement restrictions imposed at the height of the pandemic when he came across an online investment scheme that was offering at least 16% monthly returns.

He invested RM12,700 and even met the scheme’s big boss Deric Chng, who convinced him that the money was made through strictly legal means via gaming activities done abroad.