Finance Officer Loses Over RM4 Million in Major Online Investment Scam
Source: Penang Today
A finance officer at a local consultancy firm has lost RM4.17 million after falling victim to an online investment scam. Penang police chief Datuk Hamzah Ahmad stated that the 60-year-old woman reported the incident at the Timur Laut district police headquarters, alleging she had been deceived by an investment scheme named ‘KKR Investment’.
According to Hamzah, the victim first encountered a KKR Investment advertisement on Facebook in early March and clicked the link provided. Following this, she was contacted via WhatsApp by a woman who later added her to a WhatsApp group titled ‘Kumpulan Analisis Kewangan Saham Malaysia’ (Malaysian Stock Financial Analysis Group).
Hamzah said the suspect promised high returns within a short period, dependent on the sum invested. The victim was instructed to download an app called ‘KKR INV’ through a supplied link to register and commence investing.
Between 10 March and 13 June, the victim carried out 76 transactions amounting to RM4.17 million, transferring the funds to eight different company bank accounts before realising she had been scammed. “She became suspicious when she was unable to withdraw the profits displayed in the app and was instead asked to make additional payments,” Hamzah said.
The case is currently being investigated under Section 420 of the Penal Code for cheating.
