Two women lose over RM1m to investment scams

: Two women reported losses of over RM1 million due to non-existent investments that falsely promised high profits, subsequent to their involvement with fake investment companies in March 2023 and June 2020.

“The interested victim messaged the account holder, who informed her about the investment’s substantial returns in US Dollars. Later, she deposited RM621,800 into a single bank account through 27 transactions. Meanwhile, he said the second victim involved a 63-year-old woman who was introduced to an investment company based in Kuala Lumpur by her sibling in June 2020.

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