Kuala terengganu: A 59-year-old retiree lost RM90,541 after falling for an online investment scam linked to a company known as Habib Fun. Kuala Terengganu police chief ACP Azli Mohd Noor said the victim received a link via WhatsApp on June 11 from a woman he had befriended on Facebook.

According to BERNAMA News Agency, the suspect persuaded him to register for an investment, and he initially received a return of RM2,767. Encouraged by the profit, the victim made further investments totaling RM90,541 through nine transactions into six different accounts.

On June 2, the victim received a message claiming there was an error in his last transaction and was asked to pay a RM31,400 penalty. He was also promised a return of RM432,000 if he complied, Azli said in a statement today.

Realising he had been duped, the victim lodged a police report yesterday at Gong Badak Police Station. The case is being investigated under Section 420 of the Penal Code for cheating.