KLUANG: A 65-year-old retired bank officer lost more than RM260,000 after falling victim to a non-existent foreign exchange investment scam.
Kluang OCPD Asst Comm Bahrin Mohd Noh said police received a report from the local man, who claimed he was duped by an online investment scheme promising high returns.
“Preliminary investigations found that on Aug 15, 2025, the victim came across an advertisement offering foreign currency investment opportunities with lucrative returns while browsing a website,” he said here on Wednesday (Jan 7).
ACP Bahrin said the victim later contacted an individual posing as an investment agent and was instructed to register an investment account through a link provided.
“Between Nov 2 and Dec 23 last year, the victim made several payments amounting to RM261,420 into four different bank accounts in stages.
“The victim was later shown an investment account displaying purported profits of RM500,000,” he added.
ACP Bahrin said that when the victim attempted to withdraw the funds, he was told to make additional payments to complete the withdrawal.
“The victim did not make any further payments and realised he had been scammed after failing to receive the promised returns,” he said, adding that the victim has since lodged a police report about the matter.
ACP Bahrin said the case is being investigated under Section 420 of the Penal Code for cheating.
He advised the public to be cautious of investment offers on social media that promise unusually high returns.
ACP Bahrin urged potential investors to verify such offers with the relevant authorities before committing any funds.
“The public can also obtain the latest information on commercial crime modus operandi by following the Commercial Crime Investigation Department’s official Facebook, Instagram and TikTok pages,” he said.
