JOHOR BARU: A kindergarten owner lost her RM1.3mil savings after falling victim to a non-existent online investment scheme promising lucrative returns.
Johor police chief Comm Datuk Ab Rahaman Arsad said the 42-year-old woman lodged a police report on Friday (Nov 28) claiming she had been duped by scammers posing as online share investment agents.
The victim first came across the investment advertisement on social media in September, which promised unusually high and attractive profits.
"After contacting the suspect for more information, she was promised returns of up to 41% of her total investment.
"Enticed by the offer, the victim made a series of online transfers amounting to RM1.3mil into several bank accounts between Nov 6 and Nov 21," he said in a statement on Friday evening (Nov 28).
Comm Ab Rahaman said the suspect then pressured the victim to deposit more money, claiming the extra funds were needed to 'release' her supposed profits.
When she failed to receive any returns, the victim realised she had been scammed and lodged a report. The case is being investigated under Section 420 of the Penal Code for cheating.
Comm Ab Rahaman advised the public to be vigilant and not be easily swayed by online investment schemes that promise high and unrealistic returns, especially those encountered on social media.
He also urged the public to verify any investment opportunities through official channels such as the police, Bank Negara and the Securities Commission Malaysia.
"In addition, the public is encouraged to use the ‘Semak Mule’ service and follow the Commercial Crime Investigation Department’s official social media channels on Facebook, Instagram and TikTok to stay updated on the latest commercial crime tactics," he added.
