A 39-year-old construction site supervisor lost RM118,800 in ASNB savings after falling for an investment scam promising up to nine percent returns in just three days. Attracted by a WhatsApp ad, he invested RM5,000 initially, which grew to RM118,800.
Man Scammed of RM118,800 in WhatsApp Investment Fraud
When he tried to withdraw RM2,000 of his “profits,” he was asked to pay RM424,298.08 as withdrawal fees. Realizing he was scammed, he reported it to the police. The scheme, allegedly operated through a Hong Kong-based app, offered returns in Ringgit and Chinese Yuan. The case is being investigated under the Trade Marks Act 2019.
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