KUALA LUMPUR: RM750 million has been lost to bogus investment schemes in the first half of this year.
Police noted the sharp increase, which is more than double the RM350 million lost during the same period last year.
A total of 4,368 cases were reported this year, involving losses of RM750,519,581, said Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Rusdi Mohd Isa.
“This is a big increase compared to the 2,715 cases reported during the same period in 2024, which saw losses exceeding RM350 million,” he added.
More to come
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