Retired Sibu engineer poorer by RM220,000 after falling for bogus online investment scheme

ACP Zulkifli says the victim first encountered the scheme on Instagram on April 9 this year, before being contacted via WhatsApp by two individuals claiming to be company representatives. — Bernama photo
SIBU (May 28): A retired engineer here reported a loss of over RM220,000 after falling for a non-existent online investment scheme.
Sibu police chief ACP Zulkifli Suhaili said the 60-something victim first encountered the scheme on Instagram on April 9 this year, before being contacted via WhatsApp by two individuals claiming to be company representatives.
'The scammers convinced the victim to download the 'KKR Investment' mobile app, claiming it would allow him to monitor his stock portfolio and accumulated profits.
'Convinced of the scheme's legitimacy, the victim transferred a total of RM224,403 in 11 transactions to four different local bank accounts between April 9 and May 7 as his investment,' he said in a statement.
He said the suspects later informed the victim that his investment had generated a profit of RM750,000 but that he would need to pay a 'tax' of RM100,700 to withdraw the returns.
Suspecting he had been scammed, the victim refused to make payment and lodged a police report.
Zulkipli reminded the public to stay vigilant and not to believe investment offers that promise unrealistically high returns. engineer investment scam Sibu Whatsapp

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