BATU PAHAT: A 57-year-old fisherman lost RM113,000 after falling victim to a fraudulent foreign exchange investment scheme.
District police chief Assistant Commissioner Shahrulanuar Mushaddat Abdullah Sani revealed that the ordeal began when the victim received a WhatsApp message from an unknown individual promoting an investment opportunity.
Tempted by promises of high returns with a minimal initial investment of RM520, the fisherman decided to participate. He was subsequently informed that his investment had generated profits, but he would need to pay fees to withdraw the money.
“Between September 16 and October 15, the victim transferred RM113,000 across eight different accounts to process his withdrawal,” Shahrulanuar said in a statement.
However, despite making the payments, the victim was unable to access his supposed profits and was asked to make a ninth transaction. Realizing he had been duped, the fisherman filed a police report.
The case is now under investigation under Section 420 of the Penal Code, which pertains to cheating offenses.
