KUALA LUMPUR: A total of 787 non-existent investment scam cases were recorded in January, resulting in losses amounting to RM115 million. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Rusdi Mohd Isa said that, in comparison, 732 cases were recorded in January last year with losses totalling RM123 million. "There was an eight per cent increase in the number of cases during the period. "However, total losses decreased by seven per cent, or RM8.4 million," he said when contacted today. "Among the syndicates' tactics is asking victims to pay a commission upfront before informing them that their withdrawal has been frozen by Bank Negara Malaysia.

Source: New Strait Times March 01, 2026 08:04 UTC