Complaints, enquiries on investment scams surge during pandemic

KUCHING: The number of complaints and enquiries related to investment scams and unlicensed activities in Malaysia surged 25 per cent and 57 per cent, respectively, during the two COVID-19 years, according to the Securities Commission Malaysia (SC).

Its general manager Jawahar Ali Ameer Ali said last year, there were 1,857 complaints and 2,193 enquiries received, whereas in 2020 there were 1,482 complaints and 3,464 enquiries made.