JOHOR BAHRU, Oct 27 (Bernama) -- A government retiree suffered losses amounting to RM3.07 million after being deceived by a non-existent online stock investment advertisement last July.
Johor Police Chief Datuk Ab Rahaman Arsad said the 62-year-old woman saw the advertisement on social media and was attracted by the promised quick and easy profits before clicking on the link and contacting the suspect.
He said the elderly woman was also asked to download an application on her mobile phone, purportedly to enable the victim to monitor the investment she made.
"The victim, who believed the quick profit promised, then made 29 money transfers totaling RM3,070,443 to six different bank accounts under the suspect's instruction, between Aug 19 and Oct 15.
"However, the victim suspected she had been deceived when she failed to withdraw the investment money through the application provided and the suspect could not be contacted, before she lodged a police report last Friday (Oct 24)," he said in a statement today.
Ab Rahaman said the case is being investigated as a cheating offence under Section 420 of the Penal Code.
He also advised the public to be more vigilant and not easily fall for investment offers that promise quick and easy profits, especially those advertised through social media.
-- BERNAMA
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