IPOH, Dec 4 — A 62-year-old man lost RM300,651 after falling victim to a fraudulent stock investment scheme advertised on Facebook.
Perak police chief Datuk Noor Hisam Nordin said the unemployed man reported the incident to the Ipoh District Police Headquarters on Tuesday. Investigations revealed that he had come across the investment advertisement on Facebook in early October and later contacted the number provided via WhatsApp.
“The victim showed interest and made 14 transactions totaling RM300,651 into a bank account registered under a company’s name. The funds reportedly came from his personal savings and loans obtained from a moneylender. He realised he had been scammed when he could not withdraw the promised returns. The case is being investigated under Section 420 of the Penal Code,” Noor Hisam said in a statement yesterday.
He also warned the public to exercise caution with unauthorised or suspicious investment schemes, especially those promising high returns in a short period. — Bernama
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