Nilai: A hardware businessman lost more than RM703,000 after falling victim to a fake business opportunity promoted through Facebook last month. Nilai police chief Supt Abdul Malik Hasim reported that the victim, a local man in his late 30s, was introduced to a website called Yoox-Shopping by a woman believed to be from China, whom he had befriended online on May 15. According to BERNAMA News Agency, the woman proposed a business partnership and encouraged him to open an online store on the platform. The man was instructed to transfer money into 10 different bank accounts, supposedly to boost the store's ratings, making 27 transfers amounting to RM703,337.41. He realized he had been duped when asked for another RM300,000 to release the alleged profits. Subsequently, a police report was lodged, and the case is being investigated under Section 420 of the Penal Code, which pertains to cheating.