A 63-YEAR-OLD retiree lost RM80,000 after falling for a WhatsApp investment scam that demanded another RM50,000 before releasing his promised profits.
Kuala Terengganu police chief ACP Azli Mohd Noor said the victim realised he had been duped when he was asked to make the additional payment despite having already transferred RM80,000 in three transactions on Nov 12.
He said the victim was introduced to the purported investment scheme by an acquaintance earlier this month and initially invested RM93,525 from his retirement savings.
The victim received RM18,000 in returns on Nov 11, prompting him to make further investments the following day.
“However, he did not receive any returns and was told that his investment had yet to reach the RM100,000 threshold,” Azli said in a statement today.
The victim subsequently lodged a police report at 6.20pm on Saturday (Nov 14).
Azli said the case was being investigated under Section 420 of the Penal Code for cheating. - November 15, 2026
