Retiree loses RM80,000 in WhatsApp investment scam
KUALA TERENGGANU: A 63-year-old retiree lost RM80,000 after falling victim to a non-existent online investment scheme promoted through WhatsApp.
A 63-year-old retiree in Kuala Terengganu has lost RM80,000 after being scammed through a fraudulent online investment scheme promoted via WhatsApp, according to police. Assistant Commissioner Azli Mohd Noor stated that the victim was introduced to the scheme by an acquaintance and convinced to invest RM93,525 in the endeavour.
Initially, the victim received RM18,000 in returns on November 11, which encouraged further investment totaling RM80,000 on November 12. Unfortunately, the victim never received the promised returns and was told the investment had not yet reached the RM100,000 requirement. Police were informed that the victim was coerced into making an additional payment of RM50,000 to access the alleged profits.
The retiree lodged a police report yesterday at 6:20 PM, and the case is currently under investigation under Section 420 of the Penal Code, which carries a maximum penalty of 10 years in jail and whipping.
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