Malaysia

Retiree loses over RM94,000 in online investment scam

A 59-year-old pensioner from Terengganu was defrauded of RM94,463 after falling victim to a non-existent investment scheme via a mobile application

Updated 9 months ago · Published on 19 Aug 2025 3:42PM

Retiree loses over RM94,000 in online investment scam
The platform falsely showed the investment growing and displayed apparent profits - August 19, 2025

A RETIRED man has lost RM94,463 of his pension compensation after being duped by a fake online investment scheme, police confirmed.

Kuala Terengganu District Police Chief, Assistant Commissioner Azli Mohd Noor, said the 59-year-old victim lodged a report at the Kuala Terengganu Police Station at 8.17pm yesterday.

According to police, the incident began on 14 August at around 3.10pm, when the retiree was introduced to the so-called investment via a mobile application while at home.

“The victim followed instructions and registered on a website before making an initial investment of RM200,” said Azli.

He added that the platform falsely showed the investment growing and displayed apparent profits.

“The victim was then persuaded to make additional transactions on the pretext of processing the payout of the profits supposedly earned.”

Between 14 and 17 August, the victim made a total of 12 transactions into six different bank accounts as directed by the syndicate.

Feeling he had been deceived, the victim eventually filed a police report. The case is being investigated under Section 420 of the Penal Code for cheating.

“The total loss suffered by the victim amounted to RM94,463,” Azli said, adding that the funds used were part of the victim’s pension compensation. - August 19, 2025

Spotlight

Malaysia

Anwar congratulates Modi on becoming India's longest-serving elected PM

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

People

Malay kampongs in Bangkok: Echoes of southern heritage in Thailand’s capital

Opinion

Johor MB’s exclusionary rhetoric betrays the people, exposes UMNO’s political hypocrisy

Malaysia

Johor and NS polls first major test of post PAS-Bersatu political order

Malaysia

Claimed installation of 12th N. Sembilan ruler invalid - Pengelola Bijaya Diraja

Malaysia

4WD driver who drove backwards on highway nabbed, positive for drugs (video)

By Ian McIntyre

Malaysia

Seven in ten Malaysian workers earn RM5k or less - economist

You may be interested

Malaysia

Hannah Yeoh defends unity government model, says leadership is about cooperation, not exclusion

Malaysia

Economic strains from West Asia crisis must not fracture national unity, warns Fadillah

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

PAS not contesting solo in Johor PRN, new political alignment formed

Malaysia

PM: Students abroad should gain positive values ​​from the local community

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

Malaysia

Bersatu vows to remain in Perikatan Nasional after PAS ends political ties

Malaysia

PAS-UMNO meeting a positive step in line with new political dynamics – Zahid