A 77-year-old retiree lost RM473,000 after being duped by a syndicate offering a bogus investment scheme promising high returns within a short period. — Picture by Firdaus Latif
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Thursday, 23 Oct 2025 8:23 PM MYT
JOHOR BAHRU, Oct 23 — A 77-year-old retiree lost RM473,000 after being duped by a syndicate offering a bogus investment scheme promising high returns within a short period.
Kulai District Police chief ACP Tan Seng Lee said the elderly victim claimed he was deceived after showing interest in an investment scheme offering returns of between 30 and 40 per cent within 24 hours, allegedly to be credited into his ‘MML Max’ application account.
“Enticed by the promise of profits, the victim made 12 payment transactions totalling RM473,000 into three local bank accounts between Sept 16 and Oct 18, 2025,” he said in a statement today.
Tan said that upon checking his MML Max application, the victim found that the displayed ‘profit’ had reached RM2.63 billion, but his account was subsequently blocked when he tried to make a withdrawal.
He said the victim realised he had been scammed and lodged a police report at the Kulai District Police Headquarters yesterday. The case is being investigated under Section 420 of the Penal Code for cheating involving a non-existent investment offer. — Bernama