Bukit Aman: A 68-year-old consultant lost over RM2.8 million after being deceived by an investment scheme through a TikTok app. Bukit Aman Commercial Crime Investigation Department (JSJK) director Datuk Seri Ramli Mohamed Yoosuf shared that the senior citizen, who works as a consultant, was lured by the ‘Clear Bridge Gold Community Gold Trading’ investment advertisement. The victim was subsequently added to a WhatsApp group where he received specific instructions.
According to BERNAMA News Agency, the victim was offered four different investments: Clear Bridge Gold Community Trading, Pictet (VIP) 99 Group Bitcoin Trading, Axiom Share Trading Bulk Trading, and 105 Malay Investment Collective. Over the span from October 2024 to January 2025, the victim made 48 payment transactions totaling RM2,821,654 to 23 different bank accounts. These included accounts in Hong Leong Bank, CIMB, RHB Bank, BSN, Affin Bank, GX Bank, Public Bank, and Maybank.
Ramli stated that the victim lodged a police report after realizing that no returns were forthcoming as promised and was instead asked to make additional payments to ‘liquidate’ profits in the TikTok investment app. ‘A police report was received on Jan 27 in Kota Kinabalu, Sabah, and an investigation is ongoing under Section 420 of the Penal Code for cheating,’ he reported. Ramli also advised the public to be more vigilant with investment schemes that promise high returns in a short period and to ensure the legitimacy and registration of such investments with the authorities.
In another case of fraud, Ramli disclosed that the police had dismantled a stock investment syndicate operating from three condominium units in Sri Petaling. This operation led to the arrest of eight individuals on Tuesday. The suspects included seven Chinese men and one local man, aged between 20 and 37, who were acting as agents seeking investors.
The police seized 23 mobile phones, three computers, a monitor and laptop, an internet router and modem, two external hard disks, three sets of keys with home access cards, three passports, and RM3,453 in cash. ‘The syndicate was involved in a stock investment scam targeting Chinese victims, offering and teaching them to participate in the investment through a provided link,’ Ramli explained. All suspects have been remanded for five days until Saturday, and the case is being investigated under Section 420 of the Penal Code for cheating.