A Terengganu businessman was duped into a fake investment scheme after a suspect sent photos of fake profits, leading to 15 transactions and police action.
KUALA TERENGGANU: A 35-year-old businessman lost RM100,900 after being lured by promises of high returns from an online share investment syndicate.
Kuala Terengganu police chief ACP Azli Mohd Noor said the victim received a WhatsApp message on Dec 16 last year from a male Indonesian offering a partnership.
To gain trust, the suspect sent various photographs and documents purportedly showing profits.
Drawn by the promise of lucrative returns, the businessman made 15 transactions totalling RM100,900 into 15 different accounts between Dec 17, 2025 and Jan 24.
“Besides exhausting his savings, he also sold five motorcycles and borrowed money from friends and close relatives,” Azli said in a statement.
The victim lodged a police report yesterday after failing to receive any promised returns and being unable to contact the suspect.
The case is being investigated under Section 420 of the Penal Code for cheating.
Police have urged the public to remain cautious of investment offers that promise unusually high returns and to verify schemes before committing funds.
