Man loses HKD1.61 million in fraud

A local man has reported that an investment scam had cost him more than HKD1.61 million, police authorities have reported. The case shows that in August, the victim was invited to an investment group chat and became friends with a group member. The other party claimed to have investment experience and persuaded the victim to download an app for investment purposes. After depositing HKD1.74 million, the victim withdrew HKD127,000 from his account. When he subsequently withdrew money, the suspect asked him to pay a deposit of more than HKD350,000.