A 45-YEAR-OLD medical officer from Johor Bharu has lost RM2.6 million after falling victim to a fraudulent investment scheme that promised lucrative returns of up to 15 per cent, Johor police confirmed today.
State Police Chief Datuk Ab Rahaman Arsad said the victim lodged a report on 27 August after failing to withdraw his investment funds.
The man claimed he was first enticed by an advertisement for a share investment scheme on social media on 25 May, which led him to initiate contact via WhatsApp with an individual posing as a representative of a foreign company.
“The suspect offered an investment opportunity through a purported international firm, promising returns of between five to 15 per cent depending on the amount invested,” Ab Rahaman said in a statement.
The victim was instructed to download a mobile application allegedly designed to monitor his investments.
“Lured by the promise of quick profits, the victim made 56 money transfers totalling RM2,603,900 to eight different bank accounts between 25 May and 8 August 2025,” he said.
The scam came to light when the victim attempted to withdraw his funds via the app but was unsuccessful, prompting him to file a police report.
The case is being investigated under Section 420 of the Penal Code for cheating.
Ab Rahaman also issued a reminder to the public not to fall prey to any investment scheme offering guaranteed high returns with little or no risk.
“If it sounds too good to be true, it probably is,” he warned. - August 28, 2025
