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

Dengue cases in Johor spike during Epi Week 41/2026
Socioeconomic inequality also a challenge to national unity, says deputy minister
Govt refining proposals to improve National Haze Action Plan, says PM Anwar
Six men detained to assist probe into abuse of Indonesian woman
Babysitter detained to assist probe into baby's death
Govt mulls implementing eKYC verification for online gaming, says Fahmi
Malaysia wants 50% of its highways equipped with smart tech
Over 100,000 people joined Wawasan in six weeks, says Hamzah
Queen donates 500,000 face masks to Johor schoolchildren
KWAP eyes investment opportunities in longevity economy as Malaysia ages

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read