SIBU: A plumber's hope of getting big returns from an investment ended with him losing RM106,300 to an investment scam. Sibu OCPD Asst Comm Zulkipli Suhaili said the 50-year-old victim was cheated by a syndicate who promised him a return of 50% from the investment. "Believing that it was a genuine investment scheme, the victim made 28 bank transfers from Dec 19, 2021 to July 4, 2022 totalling RM106,300 to 10 bank accounts provided by the syndicate. ACP Zulkipli advised people to be careful of any investment advertised on social media. "As a precautionary measure, people are advised to check first before making any investment online to avoid being a scam victim.

Source: The Star January 04, 2023 14:54 UTC