Lecturer loses RM245,000 in investment scam
Bernama
KUALA TERENGGANU: A lecturer at a university in Kuala Nerus lost RM244,925.61 after being scammed by a non-existent investment syndicate.
Kuala Terengganu district police chief Assistant Commissioner Azli Mohd Noor said the lecturer, a 56-year-old woman, claimed that on Aug 14 she received a WhatsApp message from an unknown individual regarding an investment advertisement along with a link to join the scheme.
He said the woman claimed to have accidentally pressed the link and was given three investment options starting from a scheme as low as RM300.
“She invested RM300 and was promised a profit of RM14,000.
However, to withdraw the profit, she was required to make several payments by transferring money to several accounts given by the suspect,” he said in a statement today.
Azli said the woman made payments from her savings in the Employees’ Provident Fund (EPF) to 18 different bank accounts between Aug 20 and Sept 10.
She lodged a police report yesterday after realising that she had been scammed when no profit payments were made to her, and the case is being investigated under Section 420 of the Penal Code, he said. — Bernama
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