Kota tinggi: A housewife lost RM119,599.24 after falling victim to an investment scam on July 19.

According to BERNAMA News Agency, Kota Tinggi police chief Supt Yusof Othman reported that the 58-year-old woman encountered an advertisement for an investment scheme, XM Royal, on Facebook. The scam's strategy involved offering investment packages starting from RM300, with promises of returns reaching up to RM15,000 within two hours.

The victim proceeded to make eight fund transfers to various bank accounts, totaling RM119,599.24, between July 19 and last Thursday. These transactions were made to unlock the alleged investment profits that the scammers claimed had been frozen.

Supt Yusof stated that the victim realized the scam after not receiving the promised returns despite multiple payments. She subsequently filed a police report on Friday, and investigations are currently underway.