Shah Alam police: Pensioner loses over RM4.7m to investment fraud

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Investment Fraud Notícia

Shah Alam Police,Pensioner Scammed

SHAH ALAM, June 6 — A government retiree was left devastated after losing over RM4.7 million to a fraudulent stock investment scheme. Shah Alam Police chief ACP Mohd Iqbal...

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Shah Alam Police chief ACP Mohd Iqbal Ibrahim said according to initial investigations, the 63-year-old woman saw a stock investment advertisement on Facebook in mid March, leading her to join a WhatsApp group. — Picture by Ahmad ZamzahuriSHAH ALAM, June 6 — A government retiree was left devastated after losing over RM4.7 million to a fraudulent stock investment scheme.

“She was instructed to open a Foreign Direct Investment Hub account for investing in the local stock market, promising profits of 11 to 13 per cent based on the investment duration.

 

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