A 42-year-old financial analyst lost RM147,350 to an investment scam after clicking on an Instagram ad in February. He joined a WhatsApp group where two members, posing as officials from a China-based investment company, introduced him to an investment platform. While he could control stock trading, the capital was managed by a company manager. He invested personal, family, and company savings. He realized he had been scammed when a bank employee flagged suspicious transactions.
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