Pensioner loses RM96,000 in online investment scam

The case is being investigated under Section 420 of the Penal Code for cheating.

27 Mar 2026 11:20am

Photo for illustration purposes only. - 123RF photo

KUALA TERENGGANU – A 63-year-old female pensioner lost RM96,000 after falling victim to an online investment scam that promised lucrative returns.

Kuala Terengganu police chief Azli Mohd Noor said the victim first came across a Labuan-based investment advertisement on WhatsApp in 2022.

He said the victim, who is from Kuala Terengganu, contacted the suspect and invested a total of RM96,000 through fifty transactions to fifteen different bank accounts between 2022 and March 14 this year, using her savings and pension funds.

“Throughout the four years of participation, the victim did not receive any returns.

“After growing tired of waiting and realising she had been deceived, she lodged a police report at 6.30pm yesterday,” he said in a statement today.

The case is being investigated under Section 420 of the Penal Code for cheating. – BERNAMA

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investment

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