Nearly 70% of these cases or 467 reports involved online investments with losses estimated at about RM53mil between Jan 1 and July 15. He said police had to date identified 13 online investment platforms used by these syndicates to cheat victims. Police have classified i-Rakyat Trade as one of the top groups in the list to have been actively pursuing such an online scam. On overall statistics, Comm Saiful said between January and June 2019, the department investigated 12,462 scamming cases, with losses estimated at RM2.9bil. To date, he said police have received 22 reports on i-Rakyat Trade with losses estimated to be around RM200,000.

Source: thestar July 16, 2020 20:26 UTC