JOHOR BARU: A 48-year-old man working in the oil and gas industry abroad lost more than RM900,000 in an online investment scam.
Johor police chief Comm Datuk M. Kumar said the victim received a WhatsApp message introducing an investment plan with high returns in August when he was working in Iraq.
“Enticed by promises of rapid financial gain, he downloaded the app, attended online tutorials, and initiated multiple transactions, ultimately transferring RM908,305 to various accounts between September and November,” he said yesterday.
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Soon, the victim’s fund grew to RM8mil as displayed on the app, but when he wanted to withdraw the money, he was asked to pay RM100,000 as a deposit.
Comm Kumar said that it was only then that the victim suspected he had been cheated and lodged a police report on Saturday.
The case is being investigated under Section 420 of the Penal Code for cheating.
