PETALING JAYA: A 53-year-old doctor lost RM8.7 million after falling victim to an online investment scam that promised unusually high returns from stock trading.
According to a BERNAMA report, Johor Bahru Selatan deputy police chief Azrul Hisham Shaffei said the woman had come across an advertisement on social media in April and was lured by promises of substantial profits.
She reached out to the individual featured in the ad to learn more.
Azrul said the victim was offered returns of up to 520 per cent on her investment.
Convinced by the promised gains, she made a series of payments amounting to RM8.7 million into multiple bank accounts between May and July.
Despite the enormous sum invested, she was later told her returns totalled only RM6,033.
When she attempted to withdraw her funds, she was pressured to pay an additional RM500,000 as a “deposit” and warned that her account would be frozen if she failed to comply.
Only then did she realised she had been deceived.
A police report was lodged, and the case is now being investigated under Section 420 of the Penal Code for cheating.
