JOHOR BARU: A 62-year-old male retiree claimed to have lost RM2.33mil after investing the money in a non-existent stock investment via a WhatsApp group.
Johor police chief Comm Datuk M. Kumar said in his police report on Thursday (March 13), the victim stated that he was offered to invest in the scheme by an unknown individual.
“The victim’s phone number was added to the WhatsApp group and he was given a linked website where he could monitor the profits and manage the investment,’’ he said in a statement.
Comm Kumar added that the victim was attracted to the investment scheme as he was promised profits of up to US$8mil (RM32.20mil).
“The victim made four transactions amounting to RM2.33mil to four local bank accounts from Nov 27, 2024 to March 4, 2025,’’ he said.
Comm Kumar said the case is being investigated under Section 420 of the Penal Code.
He reminded the public not to be easily duped by investments promising huge profits and advised them to check with the relevant authorities such as Bank Negara and the Securities Commission to confirm whether the investment offered is licensed and obtained permission from the authorities.
“Also get the latest information regarding commercial crime modus operandi through the Commercial Crime Investigation Department’s Facebook, Instagram and Tik Tok,’’ said Comm Kumar.
