Man Loses RM174,000 In Investment Scam
ALOR SETAR, An unemployed man lost more than RM174,000 after being deceived by a non-existent investment scheme in Kuala Ketil, Baling, for the past six years. Head of the Commercial Crime Investigation Department of Kedah police, Supt Loi Yew Lik, said the 33-year-old victim was introduced to the investment scheme by a friend and invested RM10,000 starting in December 2018. ‘The complainant then made 21 more capital payments to the same bank account amounting to RM174,270 and did not get any profit. He was promised a profit within a month, but until the police report was made (now), the complainant