Alor Gajah district police chief Supt Arshad Abu said on April 24, the 46-year-old victim who was at home at the time, saw an investment advertisement on Facebook promising a 20 per cent return every week.
"The victim also logged in to the suspect's website and saw that he had received 20 per cent profit for the first week of investment, prompting him to increase his investment,” he said in a statement here on Sunday . Meanwhile, Supt Arshad said that in a different case, a woman who worked as a hospital laboratory assistant suffered a loss of RM120,000 after being cheated of a non-existent investment.
"The complainant, on Nov 19, 2020, deposited RM85,000 into the suspect's bank account in Masjid Tanah and another RM35,000 into another man’s account at a bank in Alor Gajah.
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Trader, lab assistant in Alor Gajah suffer huge losses in investment scamALOR GAJAH, July 9 — A trader claimed to have been deceived by a non-existent investment scheme resulting in a loss of RM285,000. Alor Gajah district police chief Supt Arshad...
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Trader, lab assistant suffer huge losses in investment scamthe 46-year-old victim saw an investment advertisement on Facebook promising a 20 percent return every week. theSun theSundaily crime fraud scam Malaysia
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