(Kuching, 13th) A 59-year-old local man fell into the trap of a fraudulent stock investment scheme, resulting in losses exceeding RM2.2 million. The scam was carried out through an online application called 'MLMA.'
Kuching District Police Chief, Assistant Superintendent Alexson Naga Chabu, stated that the case began on August 18 this year, when the victim was added to a WhatsApp group under the name 'MLK1,' which introduced stocks and initial public offering (IPO) investments.
"The victim was subsequently instructed to download the 'MLMA' application to participate in the investment scheme, which claimed to deliver high returns. Afterwards, he made a total of 22 transfers in stages to 11 different bank accounts." Alexson revealed this in a statement yesterday.
He said the victim only realized he had been deceived after he found himself unable to withdraw the so-called investment 'profits' of up to RM39 million displayed in the app.
As a result, the victim lost a total of RM 2,268,696.90.
Alexson pointed out that from January 1, 2025, to October 12, 2025, the Kuching District Commercial Crime Investigation Unit received 100 scam cases using the same modus operandi, with total reported losses of about RM22.98 million.
"This case is being investigated under Section 420 of the Penal Code (cheating and dishonestly inducing delivery of property). Upon conviction, the offender can be sentenced to imprisonment for 1 to 10 years, whipping, and a fine."
He reminded the public to verify the list of licensed investment entities through the Securities Commission Malaysia (Suruhanjaya Sekuriti Malaysia) official website (www.sc.com.my
), and not to easily trust investment schemes on social media that claim to deliver "amazing returns."
He also called on anyone who suspects they are a victim of fraud to call the National Scam Response Center hotline 997 (NSRC) within 24 hours, or report any suspicious activity to the Sarawak Commercial Crime Investigation Unit hotline at 011-62890089.
Kuching District Police Chief, Assistant Superintendent Alexson Naga Chabu, stated that the case began on August 18 this year, when the victim was added to a WhatsApp group under the name 'MLK1,' which introduced stocks and initial public offering (IPO) investments.
He said the victim only realized he had been deceived after he found himself unable to withdraw the so-called investment 'profits' of up to RM39 million displayed in the app.
As a result, the victim lost a total of RM 2,268,696.90.
Alexson pointed out that from January 1, 2025, to October 12, 2025, the Kuching District Commercial Crime Investigation Unit received 100 scam cases using the same modus operandi, with total reported losses of about RM22.98 million.
"This case is being investigated under Section 420 of the Penal Code (cheating and dishonestly inducing delivery of property). Upon conviction, the offender can be sentenced to imprisonment for 1 to 10 years, whipping, and a fine."
He reminded the public to verify the list of licensed investment entities through the Securities Commission Malaysia (Suruhanjaya Sekuriti Malaysia) official website (www.sc.com.my
), and not to easily trust investment schemes on social media that claim to deliver "amazing returns."
He also called on anyone who suspects they are a victim of fraud to call the National Scam Response Center hotline 997 (NSRC) within 24 hours, or report any suspicious activity to the Sarawak Commercial Crime Investigation Unit hotline at 011-62890089.