73-year-old in Kuala Terengganu loses RM62,109 to scam

A 73-year-old man in Kuala Terengganu lost over RM62,000 to an investment scam. The police reported that he received a text message on February 28 from an unknown number. The message advertised an enticing investment opportunity. The scam involved an initial deposit of RM400, which promised a return of RM8,500 within 48 hours. After making the initial investment, the victim was asked to pay more money for wages and processing fees related to the profits. Believing the scheme was legitimate, he made 18 transactions to nine different bank accounts, totaling RM62,109. When he realized that he had been tricked, he filed a police report at the Kuala Terengganu district police headquarters on March 17. The police are investigating the case under Section 420 of the Penal Code.