IPOH: A retired doctor has lost about RM3.9mil after falling victim to an investment scam.
Perak police chief Comm Datuk Noor Hisam Noordin said the 74-year old was cheated by a female suspect he got to know through his late wife.
He said the victim was tricked into investing in a scheme said to be linked to royalty.
"He was interested because she was his late wife's friend," he said in a statement on Friday (June 13).
Comm Noor Hisam said the victim handed over RM12,000 to the suspect at a bank in Ipoh on Dec 17, 2014.
"Over the years until April 9, 2025, he continued making payments amounting to RM3.9mil in cash and through bank transfers to the suspect's personal account.
"The victim only realised recently he had been deceived as he had never received returns or profits.
"Each time he asked, the suspect gave various excuses," he said, adding that a police report was lodged on June 12.
Comm Noor Hisam said the case is being investigated under Section 420 of the Penal Code for cheating.
He reminded the public not to fall for promises of quick and high returns from unverified investment schemes.
