KUANTAN: A mechanic here has lost nearly RM250,000 in a fraudulent investment scheme, according to police.
Pahang police chief Comm Datuk Seri Yahaya Othman said the 64-year-old man initially received a WhatsApp message from an unknown individual about an investment opportunity in "American coins” as well as shares, promising high returns within a short period.
"Between Sept 2 and Nov 3 last year, the victim made six money transfers to three different bank accounts provided by the suspect, using his own savings," he said in a statement on Sunday (March 15).
"However, after making the transactions, the victim did not receive any returns as promised, and the individual could no longer be contacted.
"The victim then realised he had been cheated."
Comm Yahaya said the victim lodged a report at the Temerloh district police headquarters on Saturday (March 14), and the case is being investigated under Section 420 of the Penal Code for cheating. – Bernama
