How much profit was promised per RM30,000 invested in three days?

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A Profit of RM55,000 Was Promised for a RM30,000 Investment Over Three Days

A woman has reported being defrauded in a Hari Raya investment scheme, with promises of substantial profits for investments made over a short period. Specifically, the complainant was informed that an investment of RM30,000 would yield a profit of RM55,000 within a mere three days. This scheme, allegedly orchestrated by an individual known as ‘Datin Ida’, has led to significant financial losses for numerous individuals.
Investment Scheme Details

The scheme involved participants being promised high returns for their capital within an accelerated timeframe. The complainant, a 31-year-old woman, invested RM100,000 approximately one week before Hari Raya. She subsequently advertised the investment opportunity within a WhatsApp group, which garnered considerable interest from other individuals.
Widespread Participation and Aggregate Losses

The investment scheme attracted a substantial number of participants, with 296 individuals joining and collectively investing around RM4 million. These funds were reportedly channelled through the complainant to the investment management via an account specified by ‘Datin Ida’. However, neither the complainant nor the other investors have received any returns on their invested capital to date.
Police Investigation and Public Advisory

The Terengganu Commercial Crimes Investigation Department is investigating the case under Section 420 of the Penal Code, which pertains to cheating. Authorities have issued a warning to the public, advising them to exercise caution and avoid being easily swayed by investment offers that guarantee exceptionally high returns over brief durations. The total reported loss in this particular scheme is approximately RM4 million.

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How much profit was promised per RM30,000 invested in three days?

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