CRIME & COURTS

Lecturer Loses Over RM200,000 In EPF Savings To Investment Scam

16/09/2025 11:29 AM

KUALA TERENGGANU, Sept 16 (Bernama) -- A lecturer at a university in Kuala Nerus lost RM244,925.61 after being scammed by a non-existent investment syndicate.

Kuala Terengganu police chief ACP Azli Mohd Noor said the lecturer, a  56-year-old woman, claimed that on Aug 14, she received a WhatsApp message from an unknown individual regarding an investment advertisement along with a link to join the scheme.

He said the woman claimed to have accidentally pressed the link and was given three investment options starting from a scheme as low as RM300.

"She invested RM300 and was promised a profit of RM14,000. However, to withdraw the profit, she was required to make several payments by transferring money to several accounts given by the suspect," he said in a statement today.

Azli said the woman made payments from her savings in the Employees Provident Fund (EPF) to 18 different bank accounts between last Aug 20 and  Sept 10.

She lodged a police report yesterday after realising that she had been scammed when no profit payments were made to her, and the case is being investigated under Section 420 of the Penal Code, he said.

 -- BERNAMA



 


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