Elderly man loses nearly RM290,000

BATU PAHAT: A 68-year-old man claimed to have lost RM289,067.58 after being tricked into joining a non-existent online investment scheme.

Batu Pahat district police chief Asst Comm Ismail Dollah said the man was introduced to the investment scheme with guaranteed profits by a woman he befriended on social media last month.

“The victim was then asked to download the ‘Nicshare’ application by clicking on the investment link.

“The victim provided information such as name, identity card number and bank account details for registration.

“The victim was also told how to operate the application and was told that he would gain profits according to his investment,” he said in a statement yesterday, Bernama reported.

According to ACP Ismail, the victim transferred money to seven different bank accounts from Aug 24 to Sept 21.

“The victim only realised that he was cheated after not receiving any profits despite investing a significant amount,” he said.

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