Kedah trader scammed of more than RM1mil
ALOR SETAR: A trader incurred losses amounting to more than RM1mil after falling victim to an investment scam syndicate on Facebook.

Kedah Commercial Crime Investigation Department (CCID) chief Supt Loi Yew Lik said the 57-year-old victim lodged a report at the Kulim police station on May 9.

“The victim clicked on a link sent to him before being added to a WhatsApp group. Initially, the victim invested RM2,000 and received a profit of RM780.

“Over time, the victim made 21 additional investments, transferring over RM1mil to the bank account number provided by the suspect,” he said in a statement yesterday.

When the promised returns did not materialise, the suspect demanded an extra RM900,000 to recover the invested money, Bernama reported.

“The victim refused to make the additional payment as he began to suspect he had been deceived. Investigations revealed that the Facebook page was fake and used the name of an international investment company,” he said.
ALOR SETAR: A trader incurred losses amounting to more than RM1mil after falling victim to an investment scam syndicate on Facebook.