A restaurant operator in Pahang lost RM783,000 after falling victim to a fraudulent investment scheme promoted on Facebook.
Pahang Deputy Police Chief Datuk Azry Akmar Ayob said the 30-year-old man was contacted by an individual promising daily returns of RM550 to RM600.
Between October 20 and December 7, the victim made 23 cash transfers into five different bank accounts using personal savings, business funds, family loans, and proceeds from selling jewellery.
“After making all the payments, the victim was unable to withdraw any profits and was asked to make additional payments,” Azry said in a statement.
Realising he had been scammed, the man filed a police report at the Jerantut District Police Headquarters. Authorities are investigating the case under Section 420 of the Penal Code.
