A RETIRED government officer has lost RM914,209 in an alleged online investment scam that promised lucrative returns through an artificial intelligence-based automated trading platform, police said.
Mukah district police chief Deputy Superintendent Muhamad Rizal Alias said a report was lodged by the 56-year-old male victim at 2.20pm yesterday.
Preliminary investigations found that the victim was attracted by an investment advertisement promoted on Facebook by a company on 22 December 2025.
The victim subsequently contacted an individual identified as “Kamil” and was later added to a WhatsApp group managed by several other individuals claiming to represent the investment company.
“The victim was persuaded to participate in an investment via a platform called Setia Capital Trading with an initial capital of RM300,” Muhamad Rizal said in a statement.
According to police, the suspects claimed the investment was managed using an “AI Robot Auto-System Trade” capable of generating exceptionally high returns within a short period.
To convince the victim, the syndicate allegedly displayed investment gains that appeared to have risen to RM87,124. However, before the profits could supposedly be withdrawn, the victim was asked to make various payments, including redemption fees, bank security protection charges, upgrade fees and other charges purportedly required to release the funds.
The suspects also assured the victim that all payments would be refunded together with the investment profits.
Police said the victim, believing the claims, carried out 88 transactions to 32 different individual bank accounts across six banks between 22 December 2025 and 6 March 2026, amounting to RM914,209.
“The victim only realised he had been cheated after failing to obtain any profits or recover his investment capital, before lodging a police report,” he said.
The case is being investigated under Section 420 of the Penal Code for cheating. - July 1, 2026
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