Malaysian Official Owes RM140,000 to Bank Due to Fraudulent Investment Scheme

A Malaysian assistant information technology officer owed RM140,000 in loans for investing in a fraudulent financial scheme.

The 45-year-old victim is an officer of a government agency. One day, he met a person on Tinder and decided to invest through a digital trading platform at the other's suggestion.

The victim chose to take up this investment opportunity because of the person promise that he would get a 45% return on his RM100,000 investment.

Moreover, the victim had received profits twice in the early stages of the investment, so that he mistakenly thought it was a legitimate investment scheme and invested more money into the trading platform.

To invest, he applied for two loans from the bank and used his savings. In just 10 days, he made eight transfers of RM150,000 to three business accounts.

Upon discovering that his trading account had been blocked, he immediately realized that he had been scammed and quickly reported the case to the police. The Malaysian police are investigating the case.