JOHOR BAHRU: An elderly tour guide, attracted to promises of lucrative returns of up to 200%, ended up losing RM125,000 of his savings to an investment scam.
Johor Bahru police chief Asst Comm Raub Selamat said the 72-year-old man was said to have been attracted to an investment advertisement on Facebook in May.
The victim, who lives in Larkin here, was later added to a group on Telegram and contacted the group administrator after clicking on the link in the advertisement.
"The victim, convinced about the lucrative returns, was instructed to deposit money into several bank accounts and to wait for a month to get the promised profits.
"However, the victim only received RM100 and was even told to make additional payments to withdraw his profits,” ACP Raub said in a statement.
He said the victim made 12 cash transactions into six different bank accounts between April 26 and July 11, adding that the case is being investigated under Section 420 of the Penal Code for cheating and dishonestly inducing delivery of property. — Bernama
