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A BUSINESSWOMAN in Muar has suffered losses amounting to RM610,000 after being deceived by an online investment scam that promised extraordinary returns but turned out to be entirely fictitious.
Muar district police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the 49-year-old victim was initially drawn to an investment advertisement on Facebook before contacting the suspect via WhatsApp.
He said the victim was later persuaded to make multiple financial transfers after being promised returns of up to 750 per cent, with the scheme allegedly managed by a so-called broker.
“The victim only realised she had been cheated when she was asked to make an additional payment in order to withdraw the investment profits that had supposedly been earned. She subsequently lodged a report yesterday for an insurance claim over the losses incurred.
“Therefore, police advise members of the public to always remain vigilant against online investment offers that promise extraordinary returns,” he said in a statement today.
Police have once again reminded the public to exercise caution when encountering investment schemes online, particularly those offering unrealistic or guaranteed high returns, as such offers are often linked to fraudulent syndicates. - April 29, 2026
