Kuala terengganu: An oil rig operations supervisor lost RM154,291 after falling victim to a non-existent investment scam on social media. Kuala Terengganu police chief ACP Azli Mohd Noor reported that on September 17, the 40-year-old male victim joined an investment scheme for bulk stationery supplies, which was advertised on TikTok.

According to BERNAMA News Agency, the victim, who was promised high returns, made 10 payments totalling RM154,291 to five different company accounts between September 19 and October 3. Despite these payments, the expected profits never materialized, prompting the victim to attempt to withdraw from the scheme.

When he tried to recover his investment, the scammers demanded an additional RM63,191 as a penalty and RM81,000 for store management fees on the TikTok platform. Realizing he had been deceived, the victim filed a police report last Wednesday. The case is currently being investigated under Section 420 of the Penal Code.