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Woman Loses RM88,000 to Online Investment Scam

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Crime News

Scam,Investment,Online Fraud

A 63-year-old local woman in Johor Baru was scammed in an online investment scheme after being lured by promises of high returns. She transferred RM88,000 to two different bank accounts before realizing she had been cheated. Police are investigating the case.

A 63-year-old local woman in Johor Baru lodged a police report on Tuesday (Dec 17) after being scammed in an online investment scheme. The victim received a WhatsApp link from someone claiming to be Zhang Hou around noon on Oct 16. She was offered an opportunity to participate in an investment scheme that promised returns based on market prices.

Intrigued by the potential profits, she agreed and made three financial transactions totaling RM88,000 between Oct 16 and Monday (Dec 16) to two different bank accounts. She only realized she had been cheated when asked to make further payments to withdraw her profits. The case is being investigated under Section 420 of the Penal Code for cheating. Investigations will also cover the involvement of mule accounts, with actions to be taken against the account owners. ACP Balveer Singh, Johor Baru North OCPD, advised the public to be aware of the latest trends used by scammers and not to easily believe in investment or online job offers promising high returns with easy methods. He urged the public to utilize online services provided by the police commercial crime department, such as SemakMule, the CCID scam response centre, the CCID infoline, or its Facebook pages. The National Scam Response Centre at 997 can also provide information on commercial crime before making any payments to third parties.

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