Police report lodged after RM5mil lost in fake investment scam

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GEORGE TOWN: Twenty-five individuals have fallen victim to a fraudulent investment scheme, collectively losing about RM5mil.One victim, businessman Ruzianzan Ibrahim, parted with RM40,000 after attending an investment talk in 2018.

“There was no news after that. I only got back RM6,000,” he said after lodging a police report with the other victims at the Bayan Lepas police station yesterday. “I felt that it was a good opportunity for me to earn a passive income to support my two school-going children,” she said, adding that she didn’t receive a single sen from the company.

 

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