KUALA LUMPUR: An elderly woman lost over RM2mil after allegedly falling victim to a nonexistent stock investment scheme. Wangsa Maju OCPD Asst Comm Mohamad Lazim Ismail said police received a report from the 66-year-old victim at 11.16am on Friday (March 13). According to the report, she had been deceived by an investment scheme linked to a company introduced by an agent in 2023. "The victim was promised dividend returns of 10% every three months. ACP Mohamad Lazim said the victim suffered losses amounting to RM2,262,750.

Source: The Star March 14, 2026 01:51 UTC