KULAI: A 25-year-old man here says he has lost RM102,408 to an investment scam syndicate.
Kulai OCPD Supt Tan Seng Lee said the victim was interested in an investment offer that guaranteed a 10% return in a short period.
He added that the suspect assured the man that the profits would be credited to his investment account through the “L-Trader” application.
"Tempted by the lucrative-seeming returns, the victim made 17 payments totalling RM102,408 into six local bank accounts from July 31 to Sept 28,” he said in a statement on Monday (Oct 7).
Supt Tan added that upon checking his L-Trader account, the victim found that he had a profit of RM1,620,374.
However, when he attempted to withdraw it, he discovered that his account had been blocked.
“Realising he may have been scammed, the man filed a police report on Saturday (Oct 5),” he said.
The case is being investigated under Section 420 of the Penal Code for cheating.
Supt Tan advised the public to always be cautious of investment schemes that promise unusually high returns within a short time.
“We advise the public to use online services such as the National Scam Response Centre (NSRC), CCID Infoline, and Semak Mule to verify investment opportunities.
“Additionally, stay informed about the tactics used by scammers through the Royal Malaysia Police official Facebook page,” he added.
