MELAKA: A loan scam targeting desperate individuals, especially the unemployed, is on the rise in the state.
Acting state commercial crime chief Supt E. Sundra Rajan said such fraud cases had been increasing since the movement control order was implemented in March.
“Desperate individuals who sought financial assistance ended up losing money when they applied for such loans. The syndicates operating such scams claim that they have approval from the relevant authorities to provide loans, ” he saidSupt Sundra Rajan said applicants must pay a processing fee.
“Once the fee is paid, the fraudsters will demand more payments, claiming the applicants have been blacklisted by financial institutions and it needed to be cleared first.”
Supt Sundra Rajan said cybercrime such as online gadget sale fraud had also increased during the MCO period.
RM24.3mil in losses were recorded from 896 commercial crime cases during the first nine months of this year.
Supt Sundra Rajan said there was an increase of 223 cases compared to 673 cases with losses amounting to RM19.2mil recorded during the same corresponding period last year.