Malaysian Accountant Scammed Out of RM90,000 in Non-Existent Investment Scheme

A 33-year-old Malaysian accountant working in a private company found herself RM90,000 poorer after falling victim to a non-existent investment scam via WhatsApp.

The woman was contacted by an unknown individual on WhatsApp and was persuaded to join a group chat, which the scammer claimed belonged to an investment company. The suspect promised lucrative returns within 24 hours of investing, convincing the victim to invest RM90,000 from September 26 to December 12. She made four cash transactions into bank accounts registered under a company name.

Realizing she had been cheated when no profits were received, the victim lodged a police report on Monday. The case is currently under investigation.

Besut District acting police chief DSP Md Sani Md Saleh advises the public to avoid making investments without the approval of Bank Negara Malaysia (BNM) and to only deal with individuals or companies approved by BNM. "Verify first so that you do not fall victim to non-existent investment scams," he said.