Malaysia

Paediatrician in Johor loses RM270,000 in elaborate online stock investment scam

The doctor receives a message via WhatsApp offering high-return stock investments and was persuaded to download an application called “WLS.”

Updated 7 months ago · Published on 06 Apr 2026 1:26PM

Paediatrician in Johor loses RM270,000 in elaborate online stock investment scam
The scheme unravelled when the doctor attempted to withdraw supposed profits and was told to pay additional fees described as “closure charges” - April 6, 2026

A 40-YEAR-OLD paediatrician at a government hospital in Johor Bahru has been left out of pocket by RM270,000 after falling victim to a sophisticated online stock investment fraud, local police confirmed.

The victim, a male medical professional, reported the scam to the Johor Bahru Selatan District Police to which Assistant Commissioner Raub Selamat said the ordeal began when the doctor received a message via WhatsApp offering high-return stock investments and was persuaded to download an application called “WLS.”

“The victim was then instructed by the suspect to make several fund transfers to different accounts purportedly for investment purposes,” Raub explained.

“Between October 21, 2025, and December 1, 2025, the victim made eight separate transactions totalling RM270,000.”

The scheme unravelled when the doctor attempted to withdraw supposed profits and was told to pay additional fees described as “closure charges.”

Growing suspicious, he realised he had been deceived and promptly filed a police report.

Preliminary investigations indicate that the bank accounts used in the transactions have previous records of fraud and are believed to be linked to an organised online investment scam syndicate.

Police are actively tracing the suspects, examining banking records and telecommunications data.

Raub warned that the syndicate’s tactics are increasingly sophisticated, targeting all segments of society, including professionals.

He urged the public to exercise caution and verify any investment schemes through the official Semak Mule portal to prevent financial losses.

The police also reminded individuals to contact the National Scam Response Centre immediately at 997 if they suspect they have been targeted by a scam.

The case is being investigated under Section 420 of the Penal Code for cheating and dishonesty. - April 6, 2026

Spotlight

Malaysia

PLUS highway congested since midnight ahead of Deepavali

Malaysia

AGC: Najib's house arrest should be suspended pending legal review

Malaysia

Anwar becomes a Tamil movie hero for Deepavali (video)

Malaysia

Anthony Loke’s resignation takes effect when Najib arrives home

By Alfian Z.M. Tahir

Malaysia

Tony Pua urges BNM, MACC to audit RM50 million fund used to pay Najib’s fine

Malaysia

Prepare a 72-hour food supply; avoid panic buying – FOMCA

Malaysia

Anwar hopes US election outcome will ease global tensions, hostility towards Islam and Iran

Malaysia

Najib leaves Kajang Prison after High Court issues house arrest order

You may be interested

Malaysia

Najib leaves Kajang Prison after High Court issues house arrest order

Malaysia

Prepare a 72-hour food supply; avoid panic buying – FOMCA

Malaysia

Sarawak state election set for Dec 12 as 82 seats go up for grabs

Malaysia

Kluang Council cyberattack exposes need for stronger cybersecurity funding, audits

Malaysia

Three held after viral video of elderly man's fatal beating in Seremban

Malaysia

Anwar hopes US election outcome will ease global tensions, hostility towards Islam and Iran

Malaysia

Where did UMNO's RM50 million payment for Najib's release come from?

By The Vibes Says

Malaysia

Malaysia to repatriate 5,000 Myanmar detainees in stages this year