IPO scam leaves JB retiree RM1.2mil poorer

By VENESA DEVI

JOHOR BARU: A 70-year-old retiree lost over RM1.2mil after falling prey to an online initial public offering (IPO) investment scam here.

Johor police chief Comm M. Kumar said the senior citizen’s ordeal began in early June when he stumbled upon an IPO investment advertisement on Facebook promising high returns in a short time.

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#jangankenascam , Johor Baru , Retire , IPO , Investment , Online Scam , Social Media , Comm M. Kumar , CCID

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