Malaysia

Electrician loses RM150,000 in fake investment scheme after early returns lure victim

The purported scheme used initial profit payouts to build trust before persuading him to invest a substantially larger sum

Updated 1 month ago · Published on 19 Jul 2026 11:02AM

Electrician loses RM150,000 in fake investment scheme after early returns lure victim
A 48-year-old electrician loses RM150,000 after falling victim to a non-existent investment scheme in what police describe as a commercial fraud now under criminal investigation -July 19, 2026

A 48-YEAR-OLD electrician has lost RM150,000 after being deceived by a fraudulent investment scheme that promised lucrative short-term returns before allegedly withholding his funds and demanding further payments.

Kuala Terengganu District Police Chief Assistant Commissioner Azli Mohd Noor said the victim first received a WhatsApp message on July 2 from an individual identifying herself as "Maira".

The suspect subsequently invited the victim to participate in an investment programme known as "Centralize International", claiming it would generate substantial profits within a short period.

To convince the victim of the scheme's legitimacy, the suspect instructed him to make several initial investments.

"Through five initial investments, the victim received profit returns as promised. This caused the victim to believe that the investment scheme was genuine and truly capable of generating profits.

"The suspect then offered a higher-value investment package worth RM100,000 with a promised bonus profit of RM70,000. Between July 8 and July 16, the victim carried out four transactions amounting to RM150,000 into several bank accounts specified by the suspect.

"However, after all the payments had been made, the victim did not receive any of the promised profits. Instead, the suspect claimed that the victim's investment account had been frozen.

"The victim was then instructed to make an additional payment to enable the investment funds to be released. The electrician eventually realised he had been deceived and was unable to recover the money transferred into the various bank accounts," he said.

Azli said the victim lodged a police report at the Kuala Terengganu Police Station at 5.05pm yesterday.

The case is being investigated under Section 420 of the Penal Code for cheating.

Police said the victim suffered total losses of RM150,000, with the investment funded entirely from his personal savings. - July 19, 2026

Spotlight

Malaysia

Four teenagers feared drowned at Tanjung Lompat

World

Thailand to halve visa-free stay to 30 days for 60 countries from Sept 15

Malaysia

Woman injured as concrete debris falls from George Town heritage building

Malaysia

Collision between tanker and ferry under investigation - PPC

By Ian McIntyre

Malaysia

Anwar’s six measures offer relief across the everyday economy

By Alfian Z.M. Tahir

Malaysia

Mahathir’s Merdeka appearance sparks social media debate

By Alfian Z.M. Tahir

You may be interested

Malaysia

FMM urges fast-track access as government expands SME micro-financing to RM6b

Malaysia

MACC arrests former minister over Tabung Haji RCI probe

Malaysia

Toddler dies after falling through gap at Victoria Bridge in Kuala Kangsar

Malaysia

Gateway attacks on The Vibes servers are an attack on all Malaysians

Malaysia

MOF: Unsubsidised petrol, diesel prices fall five sen from Thursday

Malaysia

Penang, Thai cops seize drugs worth over RM4m in joint operation

By Ian McIntyre

Malaysia

Four killed, four injured in 11-vehicle Pahang highway crash

Malaysia

Hannah Yeoh, husband divorce after 18 years of marriage