00:00A gold digger lost more than RM4 million due to a fraudulent investment after seeing an ad on Facebook and was then included in the WhatsApp group.
00:13Police Chief Shah Alam Iqbal Ibrahim said the 63-year-old businessman saw the ad in the middle of last March.
00:22After being included in the WhatsApp group, he was asked to open a foreign direct investment account for investment purposes.
00:30He opened an FDIHub account and made 42 transactions from March to the end of May, amounting to RM4,749,214.
00:42After investing and saving, he collected RM11.3 million in the account.
00:48He tried to withdraw his funds but found that no money had been transferred to his bank account.
00:55The investigation was carried out in accordance with Section 420 of the Penal Code for fraud,
01:00which brings a prison sentence of 1 to 10 years with reason and punishment if proven guilty.
01:07Iqbal urged people to be careful with investment ads, especially those shared on social media platforms,
01:15which promise high returns in a short period of time.
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