Nilai: A frozen food trader lost more than RM600,000 after falling victim to a non-existent online business investment scheme last month. Nilai district police chief Supt Abdul Malik Hasim said his department received a report from the victim, a man in his early 50s, at 1.17 pm today.

According to BERNAMA News Agency, the man said he had dealings with an individual who offered him an investment opportunity on April 21. He was later instructed to register an eBay account to begin investing in a business and selling goods via his own online store.

The victim then transferred funds into 19 different bank accounts, making a total of 43 transactions amounting to RM677,890. Abdul Malik stated that the victim realized he had been scammed after he was unable to withdraw both his profit and initial capital. The case is being investigated under Section 420 of the Penal Code for cheating.