A 30-year-old restaurant operator in Pahang lost RM783,000 to fake investment scheme promoted on Facebook, police confirm
KUANTAN: A restaurant operator lost RM783,000 after being deceived by a fraudulent investment scheme advertised on Facebook.
Pahang deputy police chief Datuk Azry Akmar Ayob said the 30-year-old victim was contacted by an individual promising daily returns of between RM550 and RM600.
The man subsequently made 23 cash transactions into five different bank accounts between October 20 and December 7.
He used his personal savings, business funds, family loans, and money from selling jewellery to make the payments.
After completing the payments, the victim could not withdraw any purported profits and was instructed to pay more.
He realised he had been scammed and lodged a police report at the Jerantut District Police Headquarters.
The case is being investigated under Section 420 of the Penal Code for cheating. – Bernama
