KUALA TERENGGANU, Nov 15 — A 63-year-old retiree lost RM80,000 after falling victim to a non-existent online investment scheme promoted through WhatsApp.

Kuala Terengganu police chief ACP Azli Mohd Noor said the victim joined the scheme earlier this month after being introduced to it by an acquaintance.

He said the victim was lured by promises of substantial returns within a short period.

“Initially, the victim invested RM93,525 from his retirement savings and received a return of RM18,000 on Nov 11.