Thursday, 25 December 2025

Sibu trader loses RM135,000 in online investment scam

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SIBU: A trader lost RM135,000 to an online investment scam recently.

Sibu district police chief ACP Zulkipli Suhaili said the victim, a man in his 40s, received a message on Whatsapp from a woman claiming to be from Kuala Lumpur on June 18 and she offered him a chance to be part of an investment scheme called AAPL offering RM4.20 per unit invested.

“The victim was asked to download an app before being added to a Whatsapp group depicting profits from the investment scheme.

“The suspect also informed the victim that once the initial funds were deposited, the victim would obtain a profit of RM42,000,” he said in a statement today.

The victim decided to invest and made 18 money transfers totaling RM135,000 to a local bank account between Sept 4 to 9 but did not get the promised profits and instead was asked to invest more.

Realising he had been scammed, the victim lodged a police report on Sept 13, he said.

The case is being investigated under Section 420 of the Penal Code for fraud. – Bernama

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