MUAR: A factory manager lost over RM150,000 to a bogus investment scheme here.
Muar OCPD Asst Comm Raiz Mukhliz Azman Aziz said the 39-year-old came across an advertisement about the investment scheme on social media on Oct 30.
"He later received a message on WhatsApp from a woman, who claimed to be an investment assistant.
"She told him he could get returns as high as 30% within five working days through the investment opportunity.
"She then told the man to register for the investment scheme via a link she provided, claiming it was the online platform for the investment," he said in a statement.
Believing the woman's claims, the victim registered on the platform as instructed and proceeded to invest, said ACP Raiz Mukhliz.
"The man made eight transactions, amounting to RM154,000, into five different bank accounts between Oct 30 and Dec 12.
"However, he was unable to withdraw either the money or the promised profits.
"Instead, he was asked to make additional payments," he said, adding that the victim refused to comply after realising he had been scammed, and lodge a police report.
He added that the case is being investigated under Section 420 of the Penal Code for cheating, which provides for imprisonment of no less than one year and no more than 10 years, with whipping and a fine, upon conviction.
