Former Sales Director Scammed Of RM1.8 Mln In Non-existent Investment

IPOH, Sept 30 (Bernama) -- A former sales director lost RM1.85 million after falling victim to a non-existent stock investment scheme advertised on the TikTok application in early July.

Perak police chief Datuk Noor Hisam Nordin said the 50-year-old man had contacted the phone number displayed in the advertisement and later communicated with the scammer via WhatsApp.

“Enticed by the offer made by the suspect, the victim proceeded to make 23 payment transactions totalling RM1,855,100 into three bank accounts provided by the suspect.

“The victim only realised he had been cheated after failing to withdraw the promised profits,” he said in a statement today.

Noor Hisam said the victim lodged a report at the Ipoh District Police Headquarters yesterday and the case was being investigated under Section 420 of the Penal Code.

“Police advise the public to be vigilant with any form of investment offered through unregulated websites or applications that are unauthorised,” he said.

-- BERNAMA