JOHOR BARU: A 54-year-old foreign woman has lost her life savings of RM175,000 after falling victim to an online investment scam promising high returns in a short time.
The suspect promised the victim quick returns on her investment. Interested, the victim provided her personal details for registration,” he said. ACP Raub added that between Oct 30 and Dec 10, the victim made seven transactions totalling RM175,000 to three different bank accounts. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a penalty of up to seven years' imprisonment, a fine between RM10,000 and RM100,000 or both upon conviction.
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