A trader lost nearly RM166,000 in an online investment scam earlier this month. Pahang police chief Datuk Seri Yahaya Othman said the 26-year-old victim registered on a website and was promised returns of 6 to 19 percent on the capital invested.
Trader Loses RM166,000 in Online Investment Scam
From January 1 to January 29, he transferred his savings into five different bank accounts provided by the suspect.
He grew suspicious when asked for additional payments before withdrawing his investments and lodged a report at the Kuantan District Police Headquarters. The case is being investigated under Section 420 of the Penal Code.
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