MUAR, Aug 14 (Bernama) -- A traditional medicine practitioner suffered losses totalling RM180,066 after being tricked into withdrawing his savings to invest in a non-existent investment scheme which supposedly promised lucrative returns.
Muar district police chief ACP Raiz Mukhliz Azman Aziz said the 49-year-old man was initially contacted by a woman early last month via WhatsApp who offered a Bitcoin investment scheme that allegedly had a profit return of between 20 and 40 per cent.
He said the victim was then instructed to register on an investment website and contact an officer to start investing.
"From August 8 to 12, the victim made five money transfer transactions to two different bank accounts totalling RM180,066 and was later informed that the investment profit had reached RM391,997.24.
"However, the victim became suspicious and realised that he had been cheated when he was asked to make an additional payment before the money could be withdrawn," he said in a statement today.
He said the investigation was being conducted under Section 420 of the Penal Code and advised the public to be wary of any online investment offers that promise unreasonable returns.
-- BERNAMA
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