A RETIRED government employee has lost nearly RM100,000 in pension savings after falling victim to a fraudulent online investment scheme promoted through TikTok.
Kuala Terengganu District Police Chief Assistant Commissioner Azli Mohd Noor said the 59-year-old victim lodged a police report at the Kuala Terengganu Police Station at 8.24pm yesterday after discovering he had been deceived.
Investigations revealed that the retiree was drawn into the scam on May 14 after encountering an investment advertisement on TikTok promising attractive returns.
Azli said the victim subsequently communicated exclusively with the syndicate through Telegram and proceeded to make a series of financial transactions to participate in the purported investment programme.
The scam escalated when the victim was informed that his investment had allegedly generated substantial profits.
“After joining the investment, the victim was informed that he had successfully earned profits.
“For the purpose of redeeming the profits that were supposedly obtained, the victim was asked to make several more transactions into a number of different accounts,” he said.
Believing the claims, the victim continued transferring funds in an attempt to access the promised returns, only to discover that the investment scheme did not exist.
Azli said the retiree ultimately suffered total losses amounting to RM97,933, with the funds originating from his pension savings.
The case is being investigated under Section 420 of the Penal Code for cheating. Authorities have once again urged the public to exercise caution when responding to investment offers circulated on social media platforms and messaging applications, particularly those promising quick or guaranteed profits. - June 3, 2026
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