Businessman loses RM5.2mil to stock investment scam


KUALA TERENGGANU: A businessman lost RM5.2mil after being duped into investing in non-existent investment scheme advertised on Facebook.

Terengganu police chief Deputy Comm Datuk Mohd Khairi Khairudin said the 67-year-old victim came across a Facebook advertisement promoting a stock investment and was interested in participating in the scheme, which was allegedly based in China.

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