Kuala terengganu: A 35-year-old businessman lost RM100,900 after being duped by an online share investment scam syndicate that lured him with promises of high returns.

According to BERNAMA News Agency, Kuala Terengganu police chief ACP Azli Mohd Noor stated that the victim received a WhatsApp message on December 16 last year from a male Indonesian client offering him a partnership in a share investment scheme. In an attempt to gain the businessman's trust, the suspect sent various photographs and documents purportedly showing profits from the scheme.

Drawn by the promise of lucrative returns, the businessman proceeded to make 15 transactions totaling RM100,900 into 15 different accounts as instructed between December 17, 2025, and January 24. The victim went to great lengths to finance the so-called investment, exhausting his savings, selling five motorcycles, and borrowing money from friends and close relatives.

The businessman lodged a police report at 6:07 pm yesterday after failing to receive any of the promised returns. Attempts to contact the suspect were unsuccessful, as stated by ACP Azli in a statement. The case is being investigated under Section 420 of the Penal Code.

Police have urged the public to remain cautious of investment offers that promise unusually high returns and to verify schemes before committing any funds.