Malaysia

60-year-old woman loses more than RM3.4 million in forex scam

Nilai police chief, Abdul Malik Hasim said she only realised she was duped after checking the investment website and found that it didn’t exist.

Updated 2 years ago · Published on 23 Mar 2024 9:42AM

60-year-old woman loses more than RM3.4 million in forex scam
Police have opened investigation papers under Section 420 of the Penal Code and are working to locate the suspect. - The Vibes, March 23, 2024

by The Vibes Team

AN ELDERLY woman from Nilai, Negeri Sembilan lost more than RM3.4 million after she got involved in a foreign exchange (forex) scam.

According to reports in Harian Metro, the 60-year-old woman received a text message from an unknown number on Jan 22 offering to be part of a forex investment scheme.

The sender claimed that she would be able to make huge profits by investing in the alleged scheme.

The victim then proceeded to make 60 transactions to various accounts provided by the sender.

Nilai police chief, Abdul Malik Hasim said she only realised she was duped after checking the investment website and found that it didn’t exist.

The woman lodged a report the very next day where she stated that she made 60 transactions involving a total RM3,460,000 to various accounts.

He said police have opened investigation papers under Section 420 of the Penal Code and are working to locate the suspect.

"We strongly urge the public not to be so easily duped by such offers. Check with the relevant authorities, especially Bank Negara Malaysia before transferring money to anyone, he added. - The Vibes, March 23, 2024

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