Contractor loses over RM400,000 in investment scam

KANGAR: A woman contractor in Perlis suffered losses of RM416,772 after falling for a bogus investment scheme.

Kangar OCPD Asst Comm Yusharifuddin Mohd Yusop said a report was received on Thursday (Nov 23) from the 48-year-old contractor, who claimed she was cheated after responding to an advertisement on Facebook.

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"She clicked on a link and was added to a WhatsApp group consisting of members of a bogus investment scheme," he said in a statement on Friday (Nov 24).

"The victim then interacted with the (syndicate) members through WhatsApp and was attracted to the investment (scheme) offered. She was asked to start with a small capital investment of RM300 and promised to be given a total of RM88,000 in one day."

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ACP Yusharifuddin said the woman went on to make 80 deposits totalling RM416,772 through 32 bank accounts from May 17 to Aug 16.

She decided to lodge the police report after failing to get any returns on her investment.

The case is being investigated under Section 420 of the Penal Code for cheating. – Bernama

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