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Retired teacher loses over RM500,000 in gold investment scam

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The victim was encouraged to make a capital payment for the purpose of buying gold and was promised high profits from the sale.

A retired female teacher lost RM570,000 of her personal savings and pension to a gold trading investment company.

He said that as a member, the victim was offered participation in high-return gold trading investments managed by the cooperative’s subsidiary. Azli said that during that period, the victim from Kuala Nerus only received an investment profit of RM50,000.

 

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