Retiree and accountant duped of RM1.4mil in investment scams

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SEREMBAN: A 71-year-old retiree and a 49-year-old accountant have been cheated of RM1.4mil in a non-existent investment scheme, says Deputy Comm Datuk Ahmad Dzaffir Mohd Yussof.

The Negri Sembilan police chief said the victims claimed they had been offered investment schemes which offered high returns via Facebook but later found these to be scams.

DCP Ahmad Dzaffir said a probe found there were 25 similar cases reported nationwide in February alone, involving losses totalling RM5.3mil."We are now looking for four people to help in our investigations and we appeal to anyone with any information to contact us," he said. The cases were being probed under Section 420 of the Penal Code for cheating which carries a jail term of between one and 10 years, whipping and a fine upon conviction.

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