Retiree loses RM342,000 in bogus online casino investment scam
KUALA LUMPUR: A 66-year-old retiree lost RM342,000 after falling victim to a bogus online casino investment scheme promoted through WhatsApp.
A 66-year-old retiree lost RM342,000 to a fraudulent online casino investment scheme promoted via WhatsApp, according to Ampang Jaya police chief assistant commissioner Khairul Anuar Khalid. The victim, a former private sector employee, was approached by a person claiming to have suffered losses in a casino cybersecurity firm in Singapore. The individual then introduced an investment opportunity in a casino business, promising substantial returns.
The victim was persuaded to invest RM342,000 in five separate bank accounts, but did not receive any returns from the investment. She reported the scheme to the police after suspecting she had been cheated by a non-existent investment opportunity. No arrests have been made yet. The case is being investigated under Section 420 of the Penal Code, which deals with cheating and can result in a sentence of one to ten years in prison, whipping, and a fine upon conviction, as reported by the New Straits Times Press.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
