Too good to be true: Kuching man loses RM271,100 to non-existent online investment scam

Scam alert. — file pic // Photo: Pixabay

By DayakDaily Team

KUCHING, June 11: A man in his early 40s lost RM271,100 to a non-existent online investment scam he came across on Facebook.

In a media statement, Kuching police chief ACP Ahsmon Bajah said that a report was received on June 10.


He elaborated that the victim, after following the investment scheme on Facebook, was then added to a WhatsApp group called ‘Pimco Malaysia Station’.

The victim was told that to carry out the investment, he had to download an app to his smartphone called ‘T.RowerPricePlus’ in which he was promised high returns.

He conducted 18 transactions to six different company accounts from April to June this year, totalling RM271,100.

“From January to June this year, 27 investigation papers involving the same modus operandi were opened with losses up to RM2,920,589.89.

“Members of the public are reminded to be cautious and not fall prey to online investment schemes that promise high returns in a short amount of time,” he said. — DayakDialy