KLUANG: A senior citizen lost RM736,526 after falling prey to a bogus online investment scheme.
Kluang OCPD Asst Comm Bahrin Mohd Noh said the 73-year-old former bus driver’s ordeal began after he received a text from someone claiming to be an investment agent on Aug 10.
“The victim was offered an investment scheme promising high returns and told to register an account through a website provided by the suspect,” he said.
“Between September 8 and November 6, the victim made 18 transactions amounting to RM736,526 into five different bank accounts,” he added.
ACP Bahrin said the victim later found his account showed supposed profits of RM5.7mil.
“However, when he attempted to withdraw the money, he was told to make further payments. The victim refused to pay and realised he had been duped when he failed to receive any returns,” he added.
He said the man lodged a report on Tuesday (Nov 11).
ACP Bahrin said the case is being investigated under Section 420 of the Penal Code for cheating.
He said the offence carries up to 10 years’ jail, whipping and a fine upon conviction.
ACP Bahrin urged the public to be wary of social media investment offers promising unrealistic profits.
He said such schemes should be verified with the police, Bank Negara Malaysia or the Securities Commission.
“The public should also refer to the Commercial Crime Investigation Department’s social media channels for the latest information on scam tactics,” he added.
