A Pahang trader lost over RM335,000 in a fake investment scheme promising 12% returns, with police investigating the case under Section 420 of the Penal Code
KUANTAN: A trader lost more than RM335,000 after being deceived by a fraudulent investment scheme advertised on Facebook.
Pahang police chief Datuk Seri Yahaya Othman said the 51-year-old victim was contacted via WhatsApp last November and offered an investment with a promised 12% return within three to seven days.
“The victim then made 19 cash transactions into two different bank accounts between Dec 4, 2025 and Jan 27 this year, using his savings and loans from friends,” Yahaya said in a statement.
The trader was later informed his investment had generated a profit exceeding RM2.4 million.
When he attempted to withdraw the funds, the suspect demanded an additional payment of 10% of the total profit first.
The victim realised he had been scammed and lodged a police report at the Kuantan Police Headquarters yesterday.
Yahaya confirmed the case is being investigated under Section 420 of the Penal Code for cheating.
