KUALA LUMPUR – A 63-year-old retiree realised that she fell victim to an investment scam, known as FDI Hub, after failing to withdraw RM11.3 million in supposed profits.
She had put in RM4,749,214 in 42 transactions since mid-March after being promised return rates of 11-13%, said Shah Alam police chief Mohd Iqbal Ibrahim.
“First, she was added into a WhatsApp group after she expressed interest in an ad on Facebook. She was told to open an account with FDI Hub to start investing in the local share market.
“Once profits reached RM11.3 million, the victim wanted to withdraw her money from FDI Hub, only to find that there were no deposits in her bank account,” he said in a statement.
The case is being investigated under Section 420 of the Penal Code for cheating.
FDI Hub was flagged by the Securities Commission on March 25 and put on its Investor Alert List.
The public is reminded to invest with entities registered with Bank Negara Malaysia and inform the police of any suspicious online investment deals. – June 6, 2024