Another day, another scam. A 67-year-old Malaysian businessman has fallen victim to a fake investment scheme and lost a staggering RM3.5 million, despite repeated warnings by authorities.
Selangor police chief Datuk Hussein Omar Khan revealed that the man was lured in by an online ad for an investment scheme called "Primus Pacific Partners." After clicking on the ad, he was contacted by a woman known as “Ms Ng” who claimed to be an investment coach.
Initially, he was added to a WhatsApp group, where Ms Ng explained the scheme in detail. He was then asked to register as a new investor on the website primuspacificpartners.biz.
The scam seemed legitimate at first — he even received an early return of RM24,308.48. Encouraged by this, he transferred a total of RM5.3 million across 13 transactions to three different bank accounts, believing he’d get even higher returns.
However, when he tried to withdraw his money, he was told to pay various tax charges, leading him to realise it was all a scam.
Police are now investigating the case under Section 420 of the Penal Code for cheating, which carries a maximum sentence of 10 years in jail, whipping, and a fine.
Authorities are once again reminding Malaysians to be cautious with online investment schemes. If you see suspicious offers or receive questionable calls, contact the National Scam Response Centre at 997 for verification or to file a report.
Source: NST
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