Ampang Jaya: A manager of a private company in Ampang Jaya lost more than RM1.6 million after falling for a non-existent crypto investment online.

According to BERNAMA News Agency, Selangor police chief Datuk Hussein Omar Khan stated that the 61-year-old male complainant was enticed by a cryptocurrency investment advertised on Facebook. After making a phone call, he was sent a link by a suspect to join the scheme. The complainant subsequently made 15 online money transfers totaling RM1,630,000 to six bank accounts owned by the suspect, with the intention of purchasing US dollars to convert into cryptocurrency.

However, the promised returns never materialized after the complainant deposited money in stages from October 18 to December 31, 2024. The complainant filed a police report in the Ampang Jaya district yesterday.

In a separate incident, Hussein reported that a 62-year-old retiree from a private company suffered losses amounting to RM997,105.50 after being tricked over a phone call with threats of arrest for alleged criminal offenses. The suspect instructed the victim to make payments to prevent an arrest warrant from being issued, leading the complainant to make two online money transfers to two bank accounts.

The suspect further deceived the victim by asking for a photo of the front and back of his ATM card, subsequently siphoning money from his bank account. The victim filed a police report in the Gombak district yesterday.

Following these incidents, the Commercial Crime Investigation Department (JSJK) of the Selangor police contingent (IPK) headquarters has opened two investigation papers under Section 420 of the Penal Code.