Mechanic loses over RM300,000 to jewellery investment scam


SIBU: A mechanic has lost more than RM317,000 after falling victim to a bogus online investment scheme.

Sibu OCPD Asst Comm Zulkipli Suhaili said the victim, in his 40s, became acquainted with a woman from China through Facebook on June 13.

The woman allegedly offered him an investment opportunity involving the purchase and resale of jewellery, claiming it could yield attractive returns.

“Enticed by the promise of a 10% commission, the victim made 21 transactions to 10 different bank accounts between June 13 and July 28, amounting to RM317,048,” Zulkipli said in a statement on Monday (Aug 25).

When the victim later attempted to withdraw his supposed earnings, he received no response from the operators. The website linked to the scheme was also found to be inaccessible.

Realising he had been cheated, the victim lodged a police report.

The case is being investigated under Section 420 of the Penal Code for cheating.

 

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Diesel smugglers foiled in Kulai, RM300,000 in assets seized
Health insurance, takaful costs calculator coming soon, says Dr Dzul
SRC lawsuit: Najib concedes RM42mil was not Saudi donation
Sarawak Tourism Board celebrates Horse Year with limited-edition angpow packets
Insken chief Viviante first Malaysian to be awarded WEF Public Social Innovator
MACC targets to recover RM10bil in lost revenue, says Azam
Healthcare can't be a luxury reserved for the few, says Amir Hamzah after introducing 'base plan' coverage
Let's strengthen BN-GRS cooperation for Sabah's benefit, says Zahid
Border agency seizes RM2mil worth of contraband nationwide
Border Control officers seize illegal frozen pork worth over RM650,000

Others Also Read