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Duo lose RM1.4mil to online ‘investment’ ads

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SEREMBAN: A 71-year-old retiree and a 49-year-old accountant have been scammed of RM1.4mil in a non-existent investment scheme here, says Deputy Comm Datuk Ahmad Dzaffir Mohd Yussof.

The Negri Sembilan police chief said both victims claimed they were attracted to purported investment schemes which offered high returns via Facebook but were later found to be fraudulent.

DCP Ahmad Dzaffir said a police probe showed there were 25 similar cases reported nationwide in February alone, involving losses totalling RM5.3mil.The police are now looking for four people to help investigations. The cases are being probed under Section 420 of the Penal Code for cheating, which carries a jail term of between one and 10 years, whipping and a fine upon conviction.

 

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