KULAI, June 9 — A marketing officer claimed to have lost RM343,190 after allegedly falling victim to a non-existent investment scheme that promised unusually high returns.

Kulai police chief ACP Tan Seng Lee said the 46-year-old woman was lured into participating in the investment programme that claimed to offer profits of between 20 and 30 per cent within 24 hours.

According to him, the woman claimed she was informed that the returns generated from the investment would be credited into her account through an application known as “Shugoa AI Investment”.

Believing the scheme to be legitimate, the victim proceeded to make 13 payment transactions amounting to RM343,190 into 10 different local bank accounts between Sept 14, 2025 and April 18 this year.

“Subsequently, the victim checked the application and found that it showed accumulated profits amounting to RM1.5 million.

“However, when she attempted to withdraw the funds, she discovered that her account had been blocked,” he said in a statement today.

Realising she may have been deceived, the woman lodged a police report yesterday.

Tan said the case is being investigated under Section 420 of the Penal Code for cheating. — Bernama