JOHOR BAHRU — A retiree claims to have lost over RM650,000 after falling victim to a non-existent online investment scheme on June 26.

Johor Bahru Utara District police chief ACP Balveer Singh Mahindar Singh said the 73-year-old man received a link from an individual named ‘Tan Teng Boo’ who promised a 90 percent return on the invested capital.

Attracted by the offer, the senior citizen agreed to invest and subsequently made nine transfers to five different accounts, with a total investment of RM655,109.80, from July 2 to July 30, he said.

“However, the victim realised he had been scammed when he was unable to withdraw the displayed profits from the link https://www.arohiltd.com/mobile/en-us/m.html#/signIn?redirect=%2F.

“He was then informed by ‘Tan Teng Boo’ that the account had been blocked. He lodged a report yesterday,” he said in a statement today.

The case is being investigated under Section 420 of the Penal Code, and will also cover the involvement of mule accounts if any, he added. — BERNAMA