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A RETIRED man was left devastated after losing RM400,000 to a scam syndicate that masqueraded as an insurance agent and government officials, police said.
The 67-year-old victim reported that on December 18 he received a series of phone calls from individuals who introduced themselves as an insurance agent, a police officer and a deputy public prosecutor.
Muar district police chief Assistant Commissioner Raiz Mukhliz Azman Aziz said the victim was falsely accused of being involved in money laundering activities.
“The victim was instructed to lodge a police report online and was advised to open a new bank account for the purpose of an investigation by Bank Negara,” he said in a statement.
Believing the claims to be genuine and without suspecting any wrongdoing, the victim transferred RM400,000 from his savings account into the newly opened account, Raiz Mukhliz said.
After the transfer was completed, the victim was again contacted and told to make additional payments purportedly for bail and legal fees.
“At this point, the victim became suspicious and checked his new bank account, only to discover that the balance had been reduced to just RM168,” he said.
The man subsequently lodged a police report at the Muar district police headquarters. The case is being investigated under Section 420 of the Penal Code for cheating.
Police have once again reminded the public to remain vigilant and to verify any claims involving law enforcement agencies or financial institutions before taking action or transferring money. - December 22, 2025
