Ex-school principal sells land, takes loans before losing RM1.1m in investment scam
A FORMER school principal lost more than RM1.1 million after allegedly pouring his savings, proceeds from selling land and borrowed funds into a bogus investment scheme promoted on TikTok. Pahang acting police chief Datuk Azry Akmar Ayob said the 65-...
A former school principal in Pahang has lost over RM1.1 million in a suspected investment scam, according to Pahang acting police chief Datuk Azry Akmar Ayob. The victim, aged 65, discovered he had been cheated after using his savings, proceeds from selling land, and borrowed funds to invest in a scheme promoted on TikTok. The individual allegedly contacted the victim through WhatsApp, posing as an agent for Network 1 Agency Sdn Bhd.
Police say the victim made 22 financial transactions between August 21 and October 7, involving online transfers and over-the-counter services at various banks in Pekan and Kuantan. The case is currently being treated as an alleged investment scam.
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