BALIK PULAU: A man has been detained for his alleged involvement in a cheating case involving car engine oil investment, which resulted in the victim losing RM240,000 recently.
Southwest district police chief Superintendent Kamarul Rizal Jenal said the 51-year-old businessman was detained in Bayan Lepas yesterday.
He said that according to the victim's report, the 24-year-old general manager was introduced to the man by his adopted father, to invest in his company.
"The victim agreed and conducted a money transfer totalling RM240,000 as she was promised a RM50,000 monthly profit.
"However, up until the report was lodged, the victim had only received RM1,000.
"She felt cheated," he said when contacted.
Kamarul said initial investigation revealed the man had used the money for a new project after being unable to proceed with the vehicle engine oil investment due to complications with negotiations with the project contractor.
"The man has been remanded until Sunday to assist in the investigation," he added.
The case is probed under Section 420 of the Penal Code for cheating.