Director duped of RM390,000 in fake ‘Navik Investment’

KUCHING: A local company director was left RM390,000 poorer after falling victim to a non-existent investment scam.

The incident happened in mid-March this year when the man, in his 70s, encountered an investment advertisement on Facebook and clicked on the provided link.

Soon after, he was added to a WhatsApp group for the supposed investment where the group admin (suspect) explained about ‘Navik Investment’ which promised high profits.

Sarawak Police Commissioner Datuk Mancha Ata said that the promise of high profits drew the victim in, prompting him to engage in the investment via WhatsApp.

“The man later transferred RM390,000 in stages to a bank account that was provided by the suspect.

“However, the scam came to light when the victim received none of the promised profits,” he said.

Mancha added that the man reported the incident and the case is being investigated under Section 420 of the Penal Code for cheating and dishonestly inducing the delivery of property.

He also urged the public to exercise caution and research thoroughly before committing to any investment.

“They should also not be easily swayed by investments advertised on social media or by schemes offering quick and lucrative profits,” he said.

The public should verify companies and websites through official sources like Bank Negara Malaysia’s website (www.bnm.gov.my) or telelink at 1-300-88-5465, and the Malaysian Securities Commission’s website (www.sc.com.my) or hotline at 603-62048999.