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Contractor scammed out of RM463,792 in non-existent investment scheme

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Police,Pahang,Non-Existing Investment Scheme

Malaysia’s economy has been on a rollercoaster over the last decade, with political transitions, policy shifts, and external shocks all contributing to periods of instability. However, there is growing optimism that Malaysia is finally turning the corner.

KUANTAN: A construction contractor was scammed out of RM463,792 after falling prey to a non-existent investment scheme.

He explained that the victim, a retired civil servant, was promised substantial returns of 20 percent for investments placed through a website provided by the suspect. "The victim realised he had been scammed after he could not reach the suspect and was unable to withdraw any profits. The money came from his savings. He subsequently lodged a police report at the Kuantan Police Station," said Yahaya in a statement Monday .

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