Salesman loses nearly RM1 million after being deceived by online investment scam

By Aida Aziz
Photo Illustration

IPOH: A 51-year-old man was left devastated after losing nearly RM1 million due to being deceived by a nonexistent online stock investment scam.

According to Perak Police Chief Datuk Seri Mohd Yusri Hassan Basri, the local victim, who worked as a salesman, realized he had been duped when he did not receive the returns promised to him.

He said the police received a report from the victim regarding the matter on Monday.

“Investigations revealed that on April 15, while the victim was at home, he came across an investment advertisement on the social media platform Facebook.

“He then clicked on the link and proceeded to deal via WhatsApp with a woman.

“On May 1 and 12, he transferred funds into two different bank accounts under the names of two companies, totaling RM904,000.

“Subsequently, the victim did not receive the promised returns and suspected he had been deceived,” he said.

Therefore, he said, the case is being investigated under Section 420 of the Penal Code.

Mohd Yusri emphasized that the public needs to be cautious and conduct thorough checks before joining any investment schemes.

Especially those promising quick and excessively generous profits.

He added that checks can be made through various platforms provided by institutions such as the Royal Malaysia Police (PDRM), Bank Negara Malaysia (BNM), and the Securities Commission Malaysia.

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