Kulai retiree loses RM431,000 to fake investment scheme
Kulai OCPD Asst Comm Tan Seng Lee said the victim was lured by the promise of a 20% to 30% profit within three days of investing in the scheme.
"The victim was promised that the profit would be credited into his Demax Global account app," he said in a statement.
ACP Tan stated that the 67-year-old local man made 32 transactions totaling RM431,000 into three local bank accounts between March 17 and May 15 of this year.
Upon completing the transactions, the victim checked his Demax Global account app and found a RM3mil profit displayed on the screen.
"He wanted to withdraw the profit but was instructed to bank in an additional amount of RM30,000," added ACP Tan.
The victim realised he was cheated after failing to withdraw the sum and lodged a police report on Tuesday (May 20).
The case is being investigated under Section 420 of the Penal Code.
ACP Tan reminded the public to be alert and careful, especially in financial transactions involving unknown persons.
The public can also visit Semak Mule, contact the CCID Scam Response Centre at 03-26101559 or 03-26101599, or go to Facebook @jsjkpdrm and @cybercrimealertrmp.
Scam victims are advised to call the National Scam Response Centre at 997 to report their case.
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