MUKAH: Tempted to invest in a company share, a retiree used up all his savings and ended up losing RM435,000 of his hard-earned savings to scammers in a fraudulent investment scheme.
Mukah district police chief DSP Muhamad Rizal Alias said the 68-year old victim’s agony started on February 8 when he was approached by a man who introduced himself as Eric Yee.
“The suspect invited him to invest in a company’s share which is dealing in gold and US dollar trading,” he said in a statement today.
The suspect added the victim in a WhatsApp group ‘IG Global’ and uploaded the investment scheme in PDF format.
“The man was interested and made 15 transfers totalling RM435,000 to six different bank account numbers between March 16 to April 13,” he said.
Muhamad Rizal said that on April 22, a female participant of the scheme told the victim that she could not withdraw the profit from her investment.
“The victim tried to withdraw RM2,225 but failed. He later found out that he had been blocked from the group,” he said.
The case is being investigated under Section 420 of the Penal Code for cheating.
