Duped by non-existent gold investment: Woman trader loses RM90,581

KUANTAN: A woman trader claimed a loss of RM90,581 after being deceived by a non-existent gold investment syndicate through social media.

Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Mohd Yusof said the 36-year-old woman claimed to have been attracted to an advertisement she saw in her Facebook page before contacting an agent via telegram.

He said the victim claimed that the agent had promised her a multiple profit after making the investment in the United Kingdom.

"The woman transferred more than RM90,581 into several bank accounts given by the agent from Oct 16 to Dec 11.

"However, the victim who had run out of money felt cheated by the suspect after not getting any return during that period," he said in a statement here, today.

Subsequently, he said the victim lodged a report at the Bentong Police Station, about 162 kilometers from here, yesterday.

Further investigation was being conducted under Section 420 of the Penal Code which carries a maximum jail term of 10 years and whipping and can be fined, if convicted, he added.

-- BERNAMA