KUALA LUMPUR: A bank officer lost more than RM200,000 of his savings after he was duped by scammers offering fake loans.

       City Commercial Crime Investigation Department deputy chief Supt Mohamad Musa Marsidi said the 54-year-old victim had filled a form online seeking a loan.

       "He was looking to borrow as much as RM80,000 and after filling the form, he was contacted by a moneylending company and told to make several payments for the loan to go through. He banked RM243,000 into nine separate accounts between Feb 28 and late March, “ said Supt Mohamad Musa.

       He added that the victim lodged a report when he felt cheated, and said that the case is being investigated under Section 420 of the Penal Code for cheating.

       "Do not fall for ads promoting low interest rates, and fast and easy approval processes. Be there physically at authorised and licensed monetary institutions when making loans," Supt Mohamad Musa said.