KUALA LUMPUR: A 38-year-old doctor and her husband were allegedly cheated of RM300,000 after being lured into a non-existent investment scheme by a man holding the title of "Datuk."
Ampang Jaya OCPD Asst Comm Khairul Anuar Khalid said the victims first met the suspect in early 2023 to discuss an investment opportunity dubbed the 'Kad Prihatin Siswa' project.
"The suspect pitched the project as an initiative involving 20 universities and roughly 620,000 students, promising lucrative returns," ACP Khairul Anuar said on Saturday (Oct 3).
Between early 2023 and the end of the year, the victim transferred a total of RM300,000 across five transactions directly into the suspect's bank account.
Under the signed agreement, the victim was promised a 10% monthly dividend for 12 months, along with the full return of her principal investment at the end of the term. She was also registered as holding a 10% stake in a company tied to the scheme.
However, the couple never received any payouts.
"The complainant and her husband repeatedly sought explanations, dividend payments, and a copy of the stamped agreement, but the suspect offered various excuses and failed to resolve the issue," ACP Khairul Anuar added.
The case is being investigated under Section 420 of the Penal Code for cheating.
