KUALA TERENGGANU: An elderly businessman lost RM704,000 after falling victim to a non-existent investment scheme.
Acting Kemaman district police chief DSP Wan Muhamad Wan Ja’afar said the 73-year-old man had spotted an advertisement on WhatsApp last month for an investment promising high returns within a short period.
AdvertisementAttracted by the offer, the victim made 10 transactions to three different accounts between Nov 4 and Dec 5, following the suspect’s instructions.
“However, he has yet to receive any promised returns. Feeling deceived, the victim lodged a police report at 3 pm yesterday,” he said when contacted today.
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Wan Muhamad reminded the public to seek reliable information from official sources, such as Bank Negara Malaysia and the Securities Commission Malaysia, before participating in any investment schemes. Advertisement (adsbygoogle = window.adsbygoogle || []).push({});