KUALA TERENGGANU: A retired civil servant here lost RM97,933 after being duped by a fraudulent online investment syndicate.
Kuala Terengganu OCPD Asst Comm Azli Mohd Noor said that on May 14, the 59-year-old victim came across an investment advertisement on TikTok offering lucrative returns within a short period.
The victim then contacted the advertiser via Telegram and agreed to make an initial investment using his pension funds.
"The suspect informed the victim that he had earned profits from the investment. However, he was required to make a payment in order to withdraw the purported returns.
"The victim, who was desperate, made several payments between May 20 and June 2, but still failed to receive any of the promised profits," he said in a statement on Wednesday (June 3).
ACP Azli said the victim realised he had been scammed and lodged a police report on Tuesday (June 2).
The case is being investigated under Section 420 of the Penal Code for cheating. – Bernama
