JOHOR BARU: A retiree has suffered significant financial losses after investing more than RM650,000 of his savings in a bogus investment scheme.
"He was attracted by the promise of profits and made nine transactions to five different bank accounts given to him between July 2 and 30, amounting to a total of RM655,109," he said here on Wednesday . He also said investigations would cover whether any mule accounts were used in the scam, with actions to be taken against the account owners.
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