MUAR: A timber factory manager could only bite his tongue after losing more than RM150,000 when an investment promising returns of up to 30 per cent turned out to be non-existent.
The 39-year-old victim reportedly joined the investment after being attracted by an advertisement on Facebook on Oct 30.
Muar district police chief, Assistant Commissioner Raiz Mukhliz Azman Aziz, said the victim then received a message via WhatsApp from a woman claiming to be an investment personal assistant.
Through the message, the victim was given an explanation about the investment opportunity, which promised returns of up to 30 per cent within five working days.
"Subsequently, the victim was asked to register first through a link that served as the medium for the investment.
"Believing the explanation and the presentations he saw, the victim registered and invested without further investigation.
"A total of eight transactions were made by the victim into five different bank accounts, totalling RM154,000," he said in a statement.
Raiz Mukhliz said that from Oct 30 to Dec 12, the victim did not receive any profits as promised.
Moreover, the victim was asked to make further payments but did not comply as he started to feel cheated and lodged a report at the Muar district police headquarters (IPD) yesterday.
"The victim stated that the money was his personal savings. Further investigation is ongoing and the case is being investigated under Section 420 of the Penal Code," he said.