Acting Sibu district police chief Supt Dr Collin Babat said the 43-year-old complainant, who was excited about the multiplied profits offered through the investment, had trusted the friend.
He said the fraud started when the suspect invited the complainant to participate in the dry food business investment in 2018.The victim handed over a total of RM55,000 to the suspect from Dec 10, 2020, to Dec 10, the following year. When the victim failed to receive any returns, he believed that he had been conned and lodged a police report on Friday .
"The case is being investigated under Section 420 of the Penal Code for cheating," he said on Saturday .
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When would greed stop and common sense kick in?