A contractor in Sarikei lost RM460,000 after being lured by a fake Facebook investment scheme promising a 25% return within 24 hours.
SARIKEI: A contractor lost approximately RM460,000 after falling victim to a non-existent investment scheme.
Sarikei police chief Superintendent Aswandy Anis said the man in his 50s lodged a report yesterday after realising he had been deceived.
The case is being investigated under Section 420 of the Penal Code for cheating.
Aswandy said the victim encountered an investment-linked advertisement on Facebook promising lucrative short-term returns.
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After clicking a link, he was directed to WhatsApp and added to a group where the scheme was explained.
The victim then contacted an individual acting as a mentor for the investment.
He was promised a 25% return on his investment within just 24 hours.
Acting on this promise, the victim made seven cash transactions totalling RM460,000 into two different bank accounts between 5 December 2025 and 5 January 2026.
He never received any of the promised returns.
Instead, he was told to make additional payments if he wished to withdraw the supposed profits. – Bernama