KLUANG: A 52-year-old smallholder farmer has lost RM300,000 of his life savings to an investment scam he saw on Facebook.
Kluang OCPD Asst Comm Bahrin Mohd Noh said the victim had lodged a police report last Friday (Dec 13) with the Commercial Crime Investigation Department.
“The victim was approached by an unidentified individual who offered a lucrative investment scheme.
“From early November to early December 2024, the victim transferred RM300,000 in stages to four different bank accounts,” he said in a statement here on Sunday (Dec 15).
ACP Bahrin added that after making the payments, the victim received no promised returns and was frequently given excuses.
“Realising he had been scammed, the victim lodged a police report.
The case is being investigated under Section 420 of the Penal Code for cheating, which provides for a penalty of up to 10 years in prison, whipping, and a fine upon conviction,” he said.
The Kluang police also urge the public to exercise caution, especially when encountering investment advertisements on social media.
“It is recommended to verify offers thoroughly and follow the official social media pages of the Royal Malaysia Police (Facebook, Instagram, TikTok) for updates and insights into the latest commercial crime modus operandi.
Those with questions or information can contact their nearest police station or the Kluang District Police Headquarters at the following numbers at 07-778 4222 or the hotline at 07-776 6822.
