KUALA TERENGGANU, Oct 10 (Bernama) -- An oil rig operations supervisor lost RM154,291 after falling victim to a non-existent investment scam on social media.
Kuala Terengganu police chief ACP Azli Mohd Noor said on Sept 17, the 40-year-old male victim joined an investment scheme for bulk stationery supplies, advertised on TikTok.
The victim, who was promised high returns, made 10 payments totalling RM154,291 to five different company accounts between Sept 19 and Oct 3.
“After failing to receive the promised profits, the victim decided to withdraw from the scheme. When attempting to recover his investment, the scammers demanded an additional RM63,191 as a penalty and RM81,000 for store management fees on the TikTok platform,” Azli said in a statement today.
“Realising he had been deceived, the victim filed a police report last Wednesday,“ he said adding that the case is being investigated under Section 420 of the Penal Code.
-- BERNAMA
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