PETALING JAYA: A 39-year-old company manager has become the latest victim of an investment scam, losing almost RM600,000 of his savings.

Petaling Jaya OCPD Asst Comm Mohamad Fakhrudin Abd Hamid said the victim lodged a police report on Tuesday.

“The victim claimed to have gotten to know a local woman, said to be handling online share investment,” he said in a statement.

“The suspect managed to convince him to join the investment scheme. He transferred RM598,680 into several accounts from Nov 14 last year until Nov 11 recently,” he added.

The victim ended up not getting any returns on his investment, he said.

“The suspect gave various excuses when the victim asked about his investment, including that her colleague had run off with the money and her assets had been frozen by the police,” said ACP Mohamad Fakhrudin.

He advised the public to be careful when receiving investment offers and verifying its authenticity by checking Securities Commission website at https://www.sc.com.my/investoralert.