In the first case in Johor, a company manager lost RM651,800 after falling prey to a fraudulent stock investment scheme advertised on Facebook, reported Bernama.

Muar police chief Raiz Mukhliz Azman Aziz said the 45-year-old man was drawn to an investment advertisment that promised quick and high returns, after which he was added to a WhatsApp group named after an investment company.

Five people then provided more details about the investment, and he was instructed to download and register an investment account through an app to monitor his returns.

Raiz said the man made 25 transfers to three bank accounts and began to suspect he had been deceived when he was asked to make additional investments to claim the promised profits.

In the second case in Kuantan, a company manager lost RM703,000 to a non-existent investment scheme through a WhatsApp application that promised lucrative profits.

Pahang police chief Yahaya Othman said the 47-year-old woman downloaded an investment application last July through a link provided to her.

She made seven transactions to four different bank accounts and was informed that the investments were profitable.

She realised she had been scammed after she was not allowed to make any withdrawals and was told to increase her investment capital.