Lecturer loses over RM200,000 of EPF savings to investment scam


KUALA TERENGGANU: A lecturer at a university in Kuala Nerus lost RM244,925.61 after being scammed by an investment syndicate.

Kuala Terengganu OCPD Asst Comm Azli Mohd Noor said the 56-year-old woman claimed that on Aug 14, she received a WhatsApp message from an unknown individual about an investment advertisement, along with a link to join the scheme.

He said the lecturer claimed to have accidentally pressed the link and was given three investment options starting from a scheme as low as RM300.

"She invested RM300 and was promised a profit of RM14,000. However, to withdraw the profit, she was required to make several payments by transferring money to several accounts given by the suspect," he said in a statement on Tuesday (Sept 16).

ACP Azli said the woman made payments from her savings in the Employees Provident Fund (EPF) to 18 different bank accounts between Aug 20 and  Sept 10.

She lodged a police report on Monday (Sept 15) after realising that she had been scammed when no profits were paid out to her.

The case is being investigated under Section 420 of the Penal Code for cheating, ACP Azli said. – Bernama

 

 

 

 

 

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

Next In Nation

Penang Bomba finalising report on deadly Butterworth house fire
Any proposals to recognise UEC must align with the Constitution, says J-Kom DG
Internal investigation to be conducted following deadly incident at Tanjung Bin Complex, Pontian
Bahasa Melayu, English both crucial in AI, digital era, says Anwar
1MDB asset recovery: 12 artworks worth over US$30mil on way back to Malaysia
Malaysians rescued from Myanmar job scam syndicates have arrived home safely, says the foreign ministry
Fisherman found drowned after boat hit by strong waves off Pulau Bruit
Malaysia among world's most peaceful countries, says Anwar
Man claimed he murdered wife out of jealousy, says Penang police
Economic empowerment of Indian community key to success for entrepreneurs, says Ramanan

Others Also Read