KUALA LUMPUR: An elderly woman lost over RM2mil after allegedly falling victim to a nonexistent stock investment scheme.
Wangsa Maju OCPD Asst Comm Mohamad Lazim Ismail said police received a report from the 66-year-old victim at 11.16am on Friday (March 13).
According to the report, she had been deceived by an investment scheme linked to a company introduced by an agent in 2023.
"The victim was promised dividend returns of 10% every three months.
"Attracted by the offer, she made several payment transactions in stages amounting to millions of ringgit, but did not receive the returns as promised,” he said in a statement on Saturday (March 13).
ACP Mohamad Lazim said the victim suffered losses amounting to RM2,262,750.
The case is being investigated under Section 420 of the Penal Code for cheating. — Bernama
