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A BUSINESSMAN has lost RM5.3 million after falling victim to a non-existent investment scheme promoted through a website application, according to Selangor police.
Selangor Police Chief, Datuk Hussein Omar Khan, said the 67-year-old local man was first attracted by an investment advertisement before clicking a link that redirected him to a WhatsApp conversation.
"The suspect, who introduced herself as 'Ms Ng', contacted the victim via phone and claimed to be an investment instructor," he said in a statement on Sunday.
"The victim was then added to a WhatsApp group and followed the investment activities for about a week," he added.
Hussein stated that the suspect instructed the victim to register as a new investor on a platform identified as 'primuspacificpartners.biz'.
"At the initial stage, the victim received an early return of RM24,308.48, which increased his confidence in the scheme.
"The victim then made 13 money transfers totalling RM5.3 million into three separate bank accounts," he said.
Following these transactions, the victim was promised profits based on market prices.
"However, the victim was instructed to pay various taxes before any withdrawal could be made.
"The victim realised he had been scammed when he was unable to retrieve his investment, resulting in a total loss of RM5.3 million," Hussein confirmed.
The case is being investigated under Section 420 of the Penal Code, which pertains to cheating and dishonestly inducing delivery of property.
"The public is advised to remain cautious of investment offers on social media that promise unrealistic returns, particularly those promoted via applications not approved by Bank Negara Malaysia or the Securities Commission Malaysia.
"Any suspicious calls can be reported to the National Scam Response Centre (NSRC) at 997," he said. - May 25, 2025
