Ipoh: A former sales director lost RM1.85 million after falling victim to a non-existent stock investment scheme advertised on the TikTok application in early July. Perak police chief Datuk Noor Hisam Nordin revealed that the 50-year-old man had initially contacted the phone number displayed in the advertisement and subsequently communicated with the scammer via WhatsApp.

According to BERNAMA News Agency, the victim was enticed by the offer made by the suspect and proceeded to make 23 payment transactions totaling RM1,855,100 into three bank accounts provided by the suspect. The victim only realized he had been cheated after failing to withdraw the promised profits.

Noor Hisam stated that the victim lodged a report at the Ipoh District Police Headquarters yesterday, and the case is being investigated under Section 420 of the Penal Code. He also advised the public to be vigilant with any form of investment offered through unregulated websites or applications that are unauthorized.