A 51-year-old private company manager lost over RM400,000 in a non-existent investment scam after making 19 transactions over two months.

Seremban police chief ACP Mohamad Hatta Che Din issued a statement this afternoon revealing that the victim realized he had been scammed and reported the incident to the police.

According to the victim, he made 19 online transfers for an investment project from March 21 to May 12 this year, amounting to RM400,107.50.

The victim only realized it was a scam when he did not receive any returns on his investment.

Mohamad Hatta stated that the police are currently investigating the case under Section 420 of the Penal Code for fraud. He urged the public not to trust any investment projects that promise high returns without verification.

He also advised the public to report any suspicious activities to the CCID Scam Response Centre at 03-26101559 or 03-26101599.