Kuala Lampur, Dec. 26 -- MIRI, Dec 26 - A private company employee in Miri lost RM238,000 in savings after falling victim to a non-existent China-based stock investment scam.

Miri District Police Chief ACP Mohd Farhan Lee Abdullah said in a statement last nightthat a police report was received on Dec 25 by the Miri Commercial Crime Investigation Department (CCID).

The victim, a 40-year-old local man working in the private sector, was deceived into participating in a fictitious investment scheme.

"The modus operandi involved duping the victim into investing a non-existent China-based stock investment. Initially, the victim was given returns, which was a tactic used by the suspect to gain the victim's trust and entice him to inject more ...