KUALA TERENGGANU: A senior citizen lost RM62,109 after falling victim to an investment syndicate.
Kuala Terengganu police chief ACP Azli Mohd Noor said the 73-year-old man received a text message on Feb 28 from an unknown number promoting an attractive investment opportunity.
Through the advertisement, the victim was offered an investment scheme requiring an initial deposit of RM400, with a promised return of RM8,500 within 48 hours.
"After making the initial investment, the victim was instructed to make additional payments, purportedly for wages and processing fees related to the profit payout.
"Believing the scheme to be genuine, he used his savings from his time working at a newspaper company to make 18 transactions to nine different bank accounts, amounting to RM62,109,” he said in a statement on Tuesday (March 18).
However, upon realising he had been scammed, the victim lodged a police report at the Kuala Terengganu district police headquarters at 1pm on Monday (March 18).
Azli added that the case is being investigated under Section 420 of the Penal Code for cheating. - Bernama
