KUCHING, Jan 28: A bistro owner in Kuching lost RM370,000 to an online investment scam.
Sarawak Police Commissioner Dato Mancha Ata said according to the victim, who is in his late 40s, he was introduced by a friend to join a crypto investment scheme known as ‘Sat Coin’ in October 2021, promising 10 per cent profit every month with capital return after one year.
Interested by the offer from the suspect, Mancha said, the victim then conducted 16 online money transactions with a total amount of RM370,000 through the Binance application to three bank accounts belonging to the suspect and an unidentified company from October 2021 until April 2022.
“The suspect later gave him an ID account for a website named ‘Restart’ to enable him to monitor the profit.
“The victim realised he was scammed after he failed to access the website due to his account having been blocked since May 2022, while the suspect has also disappeared and failed to be contacted after that,” he said in a statement today.
The case is being investigated under Section 420 of the Penal Code for cheating and dishonesty, inducing a person to deliver any property to any person. — DayakDaily
