KUANTAN — Two retired teachers lost over RM2 million after falling victim to an online fraud syndicate last month.

Pahang police chief Datuk Seri Yahaya Othman said that the first case involved a 71-year-old retired male teacher who was lured by a Facebook stock investment advertisement promising a 30 per cent return.

Initially, the victim invested RM10,000. After reviewing the application provided by the suspect, he noticed that the purported investment profits were credited to his account.

Encouraged by the gains, the man proceeded to make 21 additional transactions, transferring funds into six different accounts specified by the suspect, ultimately incurring losses exceeding RM1.8 million.

Yahaya added that the victim became aware of the scam when he was asked to deposit an additional RM2.8 million and encountered repeated failures in attempting to withdraw the profits displayed on the application.

“The victim was accused of being involved in money laundering through a BSN account amounting to RM2.8 million,” Yahaya explained. However, the victim denied the allegation as she never had an account with the bank.

Both victims have since lodged reports at the Temerloh and Raub district police headquarters. The cases are being investigated under Section 420 of the Penal Code for cheating.