JOHOR BAHRU, March 21 — An oil palm plantation manager lost RM1.9 million after being scammed into investing in a non-existent cryptocurrency investment.
Johor police chief Datuk M. Kumar said the 69-year-old man claimed to have been offered the investment by an unknown individual via WhatsApp and was instructed to download the investment app before starting cryptocurrency trading.
The victim, lured by the offer of a 20 to 40 per cent profit, did what the suspect instructed, and his name was then included in a WhatsApp group to receive further instructions.
"The victim made payments totalling RM1.9 million into several bank accounts as instructed between December 2024 and February last year. After the payment was made, he saw his investment status on the app, recording a profit of US$22.2 million (RM98.1 million).
"However, when he wanted to withdraw the money, he was asked to make another payment. Believing that he had been scammed, he lodged a police report yesterday," he said in a statement today.
The case is being investigated under Section 420 of the Penal Code.
— Bernama
